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Property in Paralimni and Protaras

Paralimni’s inland location lets you remove yourself from the hustle bustle of the nearby tourist areas of Protaras or Ayia Napa, and provides the ideal area for property investment.

With its Mediterranean climate and located in the southeast of Cyprus, Paralimni with its main square and old coffee shops provides a combination of traditional village atmosphere along side a modern town. New developments can include any property size from small projects consisting of several maisonettes only a few minutes drive from the beach, to popular apartment complexes or private luxury villas.

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About Paralimni & Protaras - Paralimni-Protaras

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With its rapid development, the whole tourist area of Paralimni Municipality has now been called Protaras, which covers approximately 10 kilometres beginning in the north from the Kapparis area and ending in the south near Konnos. Protaras’ beaches are among the best on the island. Travel north and you’ll discover isolated coves dotting the coastline, while eight kilometres to the south you’ll find the 24-hour party town of Ayia Napa.

Reasons to invest in Cyprus include:

* All year round excellent weather - Hot summers and mild winters with rainfall make it one of the healthiest climates in the World

* Beautiful beaches and ancient monuments

* Multi-culture with strong UK, Greek, middle Eastern and Turkish influences

* Excellent existing infrastructure

* Regular cheap access via low cost airlines from many UK airports with short flight times


* One of the fastest growing property markets in Europe

* Full EU member country

* Booming holiday rental market with huge increase in tourism

* Favorable tax regime of only 10% corporate tax and double taxation with 40 countries

* Pension Income is only taxed at 5%

* No inheritance tax on all estate property all over the world for permanent residents

* Highly developed infrastructure, excellent telecommunications and transport

* Very strong and growing tourist industry

* Very efficient accounting and banking services

* Legal system according to English Standards

* Bilateral investment agreements with 16 countries

* Properties in Cyprus are significantly lower than competitive markets of Portugal , Spain and France

* Very economically stable

* Low cost of living

* Free market economy

* Low legal fees