Why Cyprus?

Property purchase in Cyprus is in great demand for citizens from many countries.

1. From January 1st 2008, Cyprus officially entered the Euro zone. The exchange rate of the Cypriot pound (CYP) to the Euro was officially fixed at 1Euro = 0,585274 or 1CYP = 1,7086.
2. By investing your money in property in Cyprus, you can be sure to increase your capital gain, as property prices have been rising for the last number of years. This is quite understandable as more and more people would like to live in this safe and secure country.
3. Buying property is an investment, as you may also increase your personal income by leasing the property. Nickom can organize legal tenancy agreements, which guarantee their safety. It is possible to agree short-term leasing agreements for 1-2 months, or even long-term agreements for 1-2 years.
4. We can also assist you in selling your property with the help of a network of sales agents who we collaborate with.
5. Cyprus is a country with preferential tax treatment, making it advantageous for conducting business. In order to obtain Cypriot fiscal residence, one needs to stay in Cyprus for at least 183 days a year.
6. The highly-developed banking system of Cyprus is acknowledged all over the world.
7. The relatively low cost of living in Cyprus (if compared with other European countries) is an important advantage of the country.
8. The low crime rate in Cyprus is not a myth, but a reality. People feel safe at any time of the day or night.