Construction in Cyprus: Why It’s a Profitable Investment Opportunity

Elena Georghiou
Senior Partner
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28 06.2024

Today, construction in Cyprus has become an undeniable investment trend, attracting increasing attention from investors worldwide. This Mediterranean Island offers unique opportunities for those seeking stability, high returns, and growth prospects for their investments.

Investors are choosing to build both large residential complexes and private homes in Cyprus due to the various advantages it offers. Large projects provide extensive profit opportunities due to the high demand for modern residential spaces and commercial properties. At the same time, the construction of private homes is popular among those seeking a personalized approach to housing, combining comfort with unique design.

Why is construction in Cyprus so attractive compared to other investment opportunities?

1.Growing Demand for Housing

The construction boom in Cyprus is driven not only by local demand but also by the interest of foreign nationals who choose Cyprus as a place for living and business. Tourists also play a key role in maintaining the demand for real estate on the island. Cyprus attracts numerous visitors from around the world thanks to its Mediterranean climate, stunning beaches, and crystal-clear sea. This interest supports the active development of the construction industry, creating excellent conditions for the successful implementation of various construction projects and offering investors a wide range of projects with the potential for stable returns.

2. Low Taxes and Economic Stability

Cyprus offers a favorable tax system with low tax rates and economic stability, making it an attractive place for living, business, and investments. With a corporate tax rate of just 12.5%, no taxes on dividends, and low social contributions for employers, these tax benefits significantly reduce the financial burden on businesses and create favorable conditions for the successful development of investors’ construction projects.

3. Availability of Land

Compared to other European countries, land prices in Cyprus remain affordable. Investors can find suitable plots for various construction and commercial projects, including residential and commercial real estate. This affordability promotes a diversity of investment opportunities on the island, providing flexibility and growth prospects.

4. Potential for High Returns

Investments in construction in Cyprus present significant potential for profits, which can reach up to 35%. This attracts investors looking not only to preserve capital but also to significantly increase it through active participation in the construction sector. Building a personal home in Cyprus also offers economic benefits, with investors able to save up to 30% of costs by managing the project and using local resources.

5. Stable Legal Environment

Cyprus offers a stable and predictable legal environment that protects property rights and provides transparent rules for property ownership. This ensures investor confidence in their investments and promotes sustainable development of the construction industry on the island. Cyprus’s legislation is based on European Union principles, ensuring compliance with international standards and creating favorable conditions for long-term investments.

Thus, construction in Cyprus is not only a lucrative investment opportunity but also a reliable strategy for diversifying an investment portfolio with high returns.

The international company Feod Group in Cyprus provides comprehensive services for investors, covering all stages of the investment project: from concept development to construction and marketing.

You can also explore the Aurora Hills Residences project by Centota Holdings, which is fully supported by our international company Feod Group in Cyprus. Aurora Hills Residences embodies modern style and comfort, ideal for both living and investment. The complex is located in a prestigious area, just five minutes from the vibrant center of Larnaca and ten minutes from the picturesque waterfront. At Aurora Hills Residences, you will find 18 spacious and luxurious apartments designed for those who appreciate a high standard of living.

Our team takes care of every detail of your project, from selecting the appropriate land plot to market promotion!

Contact us!

We would be delighted to arrange a meeting in our Larnaca office or online!

 

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