McLaren Properties Cyprus Brochure


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McLaren Properties Cyprus Brochure

  1. 1. McLaren for Taste in Property C yp rus
  2. 2. All year round sunshineRelaxed and healthylifestyle Low living costsSafe environment Pensionstaxed at 5% David and Maria McLaren Come to Cyprus, and fall in loveyour property friends in Cyprus We want you to see what we see. The breathtaking landscapes, the mountain villages where old ladies tend their goats, and the captivating mix of old and new. We want you to feel what we feel. The endless sunshine, the fascinating variety, and the sense of timelessness that pervades everything in this contents special place that’s like nowhere else on earth. We want you to enjoy what we enjoy. The golden beaches, the cool We’re here to make it easy 05 Ayia Napa 26 forests, and the fragrance of olive and citrus groves. A lot to take in 06 Protaras / Paralimni 28 Here’s how we help 08 Nicosia (Lefkosia) 30 We want you to know what we know. The warmth of the people, their spirit and spontaneity, and their contagious enjoyment of life. Areas of Cyprus (map) 10 Beautiful new marinas 31 Pafos (Paphos) 12 Big on golf, and getting bigger 32 We want you to love what we love. The easy way of life, the stunning Polis and Latchi (Lakti) 16 Sporty types 34 natural beauty, and the wonderful Mediterranean food. Limassol (Lemesos) 20 Nature lovers 36 We want you to go to this magical island - like we did - and fall in love. Larnaka 24 Info 38 3
  3. 3. We’re here to make things easy If you want to buy property in Cyprus – as a second home, a business base, a place to relocate or retire, or just as a fantastic investment opportunity – you need friends. We know, because in the year monopolise your time, overload 2000 we were in the same you with information, or pressure position. We wanted to buy, you into buying a particular and didn’t find the experience property. particularly easy. But having succeeded, and lived in Cyprus We know that everything is for two years, we decided to do down to location and budget. something about making it easier So we’ll only take you to areas for other people. That’s why we and properties that will fit your set up McLaren Properties – needs and circumstances. We with offices both in the UK and know the realities too – like how in Cyprus. you might feel about retiring and moving away. We’ve also set up McLaren Investments, with properties And we know Cyprus inside worldwide. This is now run by out. From all the individualMcLaren immediately made us feel other members of the McLaren developments in every region,comfortable and not pressured at all. family, enabling David and Maria to to everything else you need toI really felt I could trust them, and the way look after their Cyprus clients. know about - like financing, car hire, lawyers, banks, schools, pets,they explained the financial side of things Since setting up our Cyprus removals, healthcare, jobs, and thewas straightforward and clear. When we company, we’ve helped hundreds island’s tax system. of clients to find the property thatvisited Cyprus we were really looked after suits them, in the location that So we’ll always give you straight,and had the opportunity to meet all the they want. And we’ve helped them honest information and advice.people we would be doing business with. through the whole process of buying, from starting to think about And as a small, dedicated companyBeing able to speak to them in person, and what they might need, all the way with family members boththe fact that everyone we met with spoke through to taking delivery. in England and Cyprus, we’re perfectly placed to provide youEnglish, made the process very simple. Unlike other companies you with personal service and expert might come across, we’re not help at every stage.Eileen Smith trained sales people who want to 5
  4. 4. A lot to take inCyprus is an exciting place.There’s something new to discoverand enjoy wherever you go. But there’s a lot to take in, andthink about.You’ll see tiny villages where the Troodos Mountains in the So there’s a lot to see, and a lot toroads are still for donkeys. At the morning, and swim in Coral Bay think through before you makesame time, there are new modern in the afternoon.) any decisions. Don’t let anyonemotorways linking the major rush you, or push you intocentres. And the international Do you want to buy off-plan, buying whatever they happen toairports in Larnaka and Pafos or go for something that’s have for sale.have been extended to meet the completed?needs of the airlines and flights Our job is to help you to ask allnow going to Cyprus – seven Have you thought through your the right questions in the firstmillion people in 2012. budget, and taken into account place, get the answers, find the all the costs (like lawyers, cars property that’s really right forNew golf courses are planned or and furniture) that might affect you, and then to support youunderway – and new marinas – what you actually have available until you take delivery. Even afteradding to the great sporting and to spend? that, if you need it.leisure facilities that Cyprusalready enjoys. Then you need to know your way around the banking, legal,You’ll want to think about your property transaction and landproperty location really registration systems.That meanscarefully. Small town or rural? having friendly, expert people onSeaside or mountains? (You your side that you know you canmight even get both – it’s trust.possible to ski in theAt first we weren’t sure if we wanted to retireto Cyprus – but after we’d been out on aninspection trip, and with all the help and advicewe received from Maria at McLaren Properties,we decided it was what we wanted after all.We’ve now moved into our new home in thesun, and it’s great to be able to sit out at ourswimming pool in February and see the blueskies. Our family in England are now thinking ofjoining us as they can see how happy we are.We have experienced the medical care, andit’s excellent. What more could we want?John & Joyce Andrews 7
  5. 5. Here’s how we help We know the reputation and track record of individual developers, and work well with them. Many consult us on new projects that they’re planning. Others we don’t work with either because they’reThe first thing we do is listen to you. Carefully.That way, we can be sure of unproven, or because they don’treally understanding what you need and want. provide the right quality.Using an enquiry checklist that’s Clients usually have an idea of The full-time staff in our office inproved its value many times, we what they want. But we often Pafos will help you to follow ago through everything you need find that after a lot of talking, and simple itinerary.You don’t haveto think about to make sure you thinking through the finances, to stick to it, but we’ve found it Putting you in touchend up with the property that’s they buy something quite really helps. The visit is normallyexactly right for you. different. When this happens, four/five days, of which two they’re happy. They’ve made the include travel.We’re honest and open with you. right decision.We want you to know what it’s allabout. If there are any negatives Arranging your visit When you arrive, we’ll meet youwe’ll tell you – and suggest ways at the airport and take you to yourto get round them. By the time you’re ready to accommodation.The following make the trip to Cyprus to take a day we’ll start showing you theOur reputation matters look at some possible properties, sights, and the locations of theenormously to us. We see our the filtering we’ve done upfront properties you might be If you do decide to buy, we’ll putclients regularly when we’re out will make your visit and decision interested in.You’ll be able to see you in touch with a specialised,and about. Our children and process much more focussed developments from any number experienced and reputable lawyergrandchildren are in Cyprus. So and productive. of different developers – and if who can handle the propertywe have as much of a long term you decide you want to go ahead transaction process for you.interest in getting everything with one of these, we’ll introduce Although it’s based on the Britishright as you do. you. land registry system, this is critically important to avoid the mistakes that can be made over ownership, title deeds, lost deposits and so on. Your lawyer will also take care of stamping the contracts at the land registry department, as soon as a deposit is paid. Once you’ve bought Everyone was so kind and helpful during our stay, and we can’t believe how smoothly this purchase is going. We’re We’ve set up an independent company, JMS services, to make sure this is down to the help of all the people you’ve put sure that our clients continue to us in touch with, and we are so pleased that we stopped be well looked after. They can help by your stand at the NEC. Our only regret is that we with everything you might need including property management, didn’t meet you sooner. Julianna couldn’t have been more letting, snagging, choosing and helpful, and her knowledge and guidance have given us arranging furniture (including delivery and installation), interior confidence that the venture will be a great success for us. design, landscaping and all other Thank you both for all that you have done for us. property needs. Tracey & Paul 9
  6. 6. More than 40 airlines operate over 260 flights weekly to and from Cyprus 11
  7. 7. The Land Registry system in Cyprus is one of the most advanced and reliable in the world Pafos The island’s former capital, Pafos is a beautiful historic town and a popular tourist destination. Listed byA game of golf and a swim around the rock – UNESCO as a World Heritage site, new archaeologicalstay forever young. treasures are still regularly discovered here. Its cultural and historical riches professional services and medical include the intricate and colourful centres. An ideal place to live, work floor mosaics of the House of and relax, it has a reputation as Dionysos, preserved after sixteen environmentally friendly area. centuries under the soil. You can also see the Christian Catacombs, Surrounded by majestic scenery ancient Byzantine churches, castle, including banana plantations mediaeval fort, and the Tombs of and the Akamas Peninsula, its the Kings – set on a rocky ledge nearby hospitable villages of overlooking the sea and spanning Kathikas, Arodos, Droushia, Mesa six hundred years from the third Chorio, Tremithousa, Konia, century BC. The Odeon Theatre, Chloraka, Mandria and many built in the second century, is more retain their traditional still used today for summer folklore, architecture and alluring performances. atmosphere of the past. Modern Pafos is the fastest growing town on the island, with many fine restaurants, sandy beaches, excellent leisure facilities and amenities including12 Irini Gardens: Two and three bedroom townhouses set in beautiful landscaped gardens with a communal pool - your first starter home in Cyprus
  8. 8. The way you dealt with us on our visitto Cyprus couldn’t have been better –just the right balance in everything.Chris Nash Kato Pafos marina – one of the biggest in the Mediterranean – with new A picturesque fishing harbour commercial areas, more shops and shadowed by an ancient fort, more restaurants. Kato Pafos is the focal point of the tourist area. Open air Peyia concerts – from famous operas to Russian ballets – are staged every One of the biggest in Cyprus, Peyia September in the amphitheatre is a delightful and self-contained by the fort, overlooking the sea. village where the Cypriots and As well as having some of the British come together. Built high best hotels on the island, there are up in rugged hills, it offers amazing many open-air cafes and tavernas views of the surrounding hills in Kato Pafos where you can sloping towards the sea at Coral sample a fish meze fresh from the Bay and all along the coastline morning’s catch. You can go on to Pafos. It’s also a great starting a sunset cruise, or hire boats for point for exploring the Akamas parties. Peninsula, local historic sites and museums, walking trails, wineries Plans have been announced to and natural springs. upgrade Pafos harbour with the construction of a new marina. Two Set around a traditional village separate areas will be created – square it has fragrant municipal one to service large yachts and the gardens, tavernas serving the best other for fishermen. Work starts Cypriot and international cuisine, in 2009. and a brand new sports stadium. The original village jail is now a Coral Bay charming pub – you can still see the iron bars in a small window A popular Blue Flag sandy beach tucked high in the corner. with a two km stretch of sand, Coral Bay is the best natural beach Aphrodite’s Rock in the area. With a gentle breeze, shallows where children can play Five thousand years ago, the safely, and pleasant swimming in a mythological goddess Aphrodite calm sea that remains warm until was born here as she emerged early December, it’s also perfect from the foaming sea into legend, for all kinds of water sports – propelled to shore on a seashell. from snorkelling, pedaloes and A place of worship for centuries, water skiing to banana boats, the hallowed ground of Petra wetbikes and windsurfing. Tou Romiou (Venus Rock) stands unchanged and impervious, Lined with palm trees, and with retaining its magic and mystery. lovely views back to the hills of Legend says that if a woman Peyia, the Coral Bay Strip has wishes to discover her one true many high quality restaurants love she must swim naked around 1: Two and three bedroom luxury apartments with a host of facilities near many amenities – an all-in-one resort. and tavernas, as well as mini-golf 1 the rock three times at midnight. 2: Beautiful townhouses where you can sit on your verandah, and enjoy a glass of wine under the stars. and a variety of shops. It’s also 3 4 3,4,5: You can customise your own villa with large plots in various areas of the Pafos region the planned site for a 1000 yacht 2 6 5 6: Townhouses and luxury villas with communal pool, as well as golf and spa facilities. 15
  9. 9. and Latchi (Latki)Polis is a small, quiet, laid back seaside town, with aquaint square and narrow lanes that retain all of theirtraditional charm. Its full name, Polis Chrysochou,means City of the Golden Land – it’s believed thatgold was found here during the Ottoman years. Thank you for all your help during our time in Cyprus. It was very much appreciated and we found your help invaluable. Julia Roberts Built on the ancient city of Latchi Its excellent beaches are cooled by Marion in the seventh century a welcome summer breeze - BC and overlooking the beautiful A tranquil coastal fishing village and a new marina is home to Chrysochou Bay, Polis has sweeping with a picturesque harbour, Latchi sailing, touring and fishing boats. bays, a marina, azure blue waters, is an ideal retreat that’s renowned all kinds of water sports and the for fresh fish and seafood The surrounding unspoilt freshest fish meze you can get. specialities. Many of its old stone countryside and villages of Argaka, carob warehouses have been Prodromi and Neo Chorio are a Its relaxed lifestyle, natural converted into inviting restaurants delight for walking and enjoying surroundings, forest walks and and fish taverns. nature. proximity to the wild fascination of the Akamas Peninsula make it a haven for nature lovers. 17
  10. 10. Akamas peninsula Thank you for all the help you gave us in buying our property in Cyprus. We very much appreciatedAkamas is a natural conservationarea, and a special place of wild your help and advice – and never felt we wereand incredible beauty. With the under any pressure.breathtaking Avakas gorge, deepforests, spectacular coastlinesand unspoilt nature trails, it’s John & Paula Woodheada protected habitat of 17,000hectares for six hundred plantspecies and a multitude of animals,reptiles, birds and butterflies.Its treasures include wild flowerssuch as the Akamas cyclamen andLara Bay – a remote and protectedturtle sanctuary and breeding sitewhere green loggerhead turtlesreturn every year to lay their eggs.Teeming with life, Akamas is asecluded wilderness of greatbiodiversity and ecologicalimportance. It’s a haven for anyonewho delights in taking in the sightsand sounds of nature at her best,and feeling at one with the world.There are many secluded sandybeaches to discover and enjoy.Baths of AphroditeIn the waters of a small grottoshaded by an old fig tree, thegoddess Aphrodite used to batheand stay forever young. Accordingto legend this is where she mether lover, Adonis. Even in December and January, there’s an average of six hours of bright sunshine every day 19
  11. 11. Limassol (Lemesos ) Halfway between Larnaka and Pafos airports and just a short It’s also a centre of learning with a wide variety of international drive away from the Troodos schools, colleges, academies, art Mountains, Limassol has a ten- galleries and theatres.Limassol is the island’s main port, its second largest town mile sandy seafront lined withand one of its leading holiday resorts. A lively, fun-loving luxury hotels, restaurants, bars, an Limassol is renowned for its longand bustling cosmopolitan place, it stages some of the impressive yacht marina and many cultural tradition. Born out of two exclusive residences. ancient city kingdoms, Amathusisland’s best known street celebrations and festivals - and Korion, the old town isincluding the annual wine festival in September, and the Home of the island’s wine overlooked by its castle. It’s said industry and a thriving business that King Richard the Lionheartcolourful ten-day pre-Lenten carnival with masquerade centre, its shopping facilities range married Queen Berengaria here inparties, balls and grand parades. from modern boutiques and 1191 on his way to Jerusalem, and showrooms to traditional and crowned her Queen of England. handmade shoes and clothes. From all the agents I contacted, McLaren were the only ones that listened to what I said, then gave me choices to fit my needs. They’ve always been more than happy to answer my queries and concerns in a very friendly and professional way. Adele Thorrington 21
  12. 12. In winter months you can swim in the sea and on the same day ski in the mountains Pissouri Troodos Just down the coast from Designated one of ten best Aphrodite’s legendary birthplace is rural tourist destinations under Pissouri - a delightfully traditional the “European Destinations of Cypriot village that’s famous for its Excellence” (EDEN) award, abundant grape, olive, carob and the Troodos Mountains are almond harvest, and where the truly stunning. charm of rural life co-exists easily with new development. Escaping into cool pine forests and gentle hills, you can walk and Set among terraced mountains, cycle along nature trails to your lush green valleys and rolling hills heart’s content. In winter, skiers rich with pine trees and wild can slalom down the snowy slopes. flowers, Pissouri is perched high If you want something more up with a panoramic view over sedate, there are monasteries Episkopi Bay. and Byzantine churches to visit,52 beaches in Cyprus have been awarded Blue Flag status including the famous Kykko Thoughtfully developed into an monastry. exclusive, five star resort, it enjoys a reputation for gourmet food, Overflowing with vineyards, authentic arts and crafts, a well almond groves, banana plantations maintained beach and a relaxed and fruit orchards, each of the lifestyle. picturesque villages in Troodos has its own speciality: cherries, apples, Souni peaches, lemons, olives, avocadoes, pottery or zivania – a potent and Drive just ten minutes from aromatic drink made from pomace Limassol through a string of and dry wines. picturesque villages and you’ll reach Souni – with its famous sandy beaches of Ladies Mile and Curium where open air concerts are held in the summer months. Golf licences have now been received at Paramali village, five minutes from Souni. 23
  13. 13. LarnakaOnce the island’s administrative centre, Larnakaretains its elegant, colonial charm. The famous mile-long, seafront promenade is lined with palm trees,stretching from a luxury yacht marina at one end toan ancient medieval fortress at the other end.The heart of the town is Kition And not far away on a rocky peak,– an ancient city-kingdom and 750 metres up from sea level, isbirthplace of the philosopher Stavrovouni Monastery. Founded inZeno. The streets are full of the fourth century by Saint Helena,colour: blue jacaranda trees, purple mother of Constantine the Great,bougainvillea and scarlet hibiscus. its monks are still famous for theirAway from the beach and the iconic painting.bustling centre with its moderncafes and tavernas, things are morequiet and refined.On the edge of the town is SaltLake – an international stopoverfor thousands of beautifulflamingoes and other migrant birds. Larnaka has good quality apartments with communal pools in lovely areas. In the old village of Lefkara the old tradition of embroidery still exists and even impressed Leonardo Da Vinci when he visited during the Renaissance. The famous Lefkara lace is on sale in many shops. What a great service. Very impressed! Tony McGreal 25
  14. 14. Ayia NapaThere’s far more to this place than the clubs and discos - although they’re At no stage did we feel we were beingcertainly there. Originally a small fishing village, Ayia Napa is now a forced to purchase a property. In fact it wasmajor tourist resort, full of tavernas serving fresh fish. There’s a medieval the opposite – we were left alone to makemonastery with a stunning octagonal fountain, a 16th century church our decision, and having made that thethat’s cut into a rock and built partly underground, and a tree in front of support and help we’ve been given haveits south gate that’s said to be over six hundred years old. been excellent. Graham Cooper Ayia Thekla With its sandy beaches and growing infrastructure, this village is now becoming very popular. You can find churches dating back to the twelfth century and a continuing tradition of basket- making. Potamos, a lovely old fishing harbour where you can relax over a fresh fish meze, is only minutes away. 27
  15. 15. Protaras / Paralimni Paralimni A small rural town that still holds its traditional magic, Paralimni is full of picturesque narrow streets, vine-covered courtyards andThe eastern corner of the island is full of golden beaches, We met McLaren at a local Exhibition and were local craft. This is also the fastestcrystal clear waters and water sports. Protaras is one delighted when we went on an inspection trip to growing town on the east coast,of the most popular resorts with famous windmills and Cyprus. The house we bought was just what we had with five shopping malls planned, and sports facilities includingmagnificent views over endless blue seas – especially imagined and after a couple of years we decided to cycle sunset. Families often come here to enjoy the many move to Cyprus Thank you McLaren for making our The areas of Panera and Ayiaamenities and golden beaches. dreams come true Triada are also being upgraded, with a new marina and cycle paths Lynn & Ron to Protaras. Cape Greko At the eastern tip of the island lies the stunning Cape Greko – a wild peninsula that’s popular with walkers for its breathtaking views of dramatic rock formations, sea caves, sandy coves and a wealth of rare flora and fauna. A new golf course is planned nearby. There are an average of 340 days of sunshine every year 29
  16. 16. Nicosia (Lefkosia) Beautiful new marinasCyprus’s thousand year old capital is its only inland city.Cosmopolitan and European, Nicosia is the island’s centre for for the Medgovernment, commerce and trade, as well as home to foreignembassies and consulates. A major new marina is planned for Limassol – a landmark development which will be great for theThe modern heart of Cyprus, The Chrisaliniotissa Church is theit effortlessly combines the old oldest of many Byzantine churches city, the region and the whole island.with the new. Right alongside the in Nicosia. The famous Famagustabiggest global names in shopping Gate is one of the three entrances Located at the heart of Limassol Three other planned new marinasis the compact old town with to the old city. Beyond the capital and designed to be in complete will further extend the island’sits sixteenth century fortress lie the ancient city kingdom of harmony with the surrounding already strong nautical reputation.walls, narrow alleys and historical Idalion, the Tamassos city kingdom area, it will accommodate up to a These will be located in Pafos,monuments. in Politiko, and the Machairas thousand vessels. Aiya Napa and Larnaka. monastery which dates back The marina at Latchi is also beingVisitors are spoilt for choice. to 1148. Situated to the west of the old extended.The Leventis Municipal Museum, port, its many new amenities willCyprus Museum and National include restaurants, shops andStruggle Museum all provide accommodation. A green parkfascinating insights into the island’s around the marina will preserve Cyprus is a full Limassol’s architectural cultural and historical heritage. member of the EU 31
  17. 17. Big on golf,and getting biggerSport is big in Cyprus, none more so than golf.Golfers already flock here to take advantage of theoutstanding courses and weather that enable themto play all year round. A golfer’s paradise. Minthis Hills. Elea. At an altitude of 550m above sea Eleas course has been created to level it’s a course for all seasons, challenge golfers of every level. –enjoying cool breezes even The par 71, 18-hole course, during the summer. Minthis designed by Sir Nick Faldo, Hills is the oldest golf course in incorporates natural features to Cyprus. The ancient gardens in evoke a truly Mediterranean feel. which the course is set lend a The course has been created to be unique flavour, with holes sympathetic to its stunning surrounded by grapevines, setting, while still embodying the walnut, almond, and olive trees. traditions of the game as one of Few places are so tranquil for a the top golf courses in Cyprus. friendly game, being fun to play Skill, strategy, precision – and for all standards of player, with maybe a little luck – are needed if great variety between holes. you’re to be victorious here. But, Elevated tees invite everyone to win or lose, playing at Elea Estate “have a go”, yet narrow. Golf Club promises to be a memorable experience. Created by a legend, cared for by a Venus Rock. dedicated team and already Unique, peaceful, winding attracting international interest, through dramatic settings and a Elea Estate Golf Club is set to be cliff backdrop with views to the not only one of the best golf ocean - two new fantastic 18-hole courses in Cyprus, but is already golf courses lie at the heart of winning accolades as one of the Venus Rock. These new courses leading golf destinations in have been designed to ensure Europe and beyond. that, whether you are a professional seeking to play some of the toughest holes available, or an amateur out to enjoy a Aphrodite Hills. relaxing day with friends. Tony Aphrodite Hills the first ever Jacklin, has personally helped leisure and golf development of design the two courses at Venus its kind in Cyprus, Aphrodite Rock, influencing every aspect, Hills Resort is home to a from the placement of the tees, to magnificent 18-hole the shaping of the fairways and championship golf course, positions of the bunkers. The spreading over 6,299 metres and new courses will be designed to overlooking the site where compliment the natural Aphrodite, the goddess of love, is characteristics of the area to said to have emerged from the make the most of the secluded sea. The golf course also has a valley setting with views over to dedicated 3-hole Golf Academy the Mediterranean. and magnificent Clubhouse. 33
  18. 18. Sporty typesInternational facilities are growing all the time for every possible Cyprus was rated by A Place inkind of sport, and without bad weather to spoil it. the Sun magazine (March 2007) as the best place anywhere in the world to invest in propertyThe really adventurous can scuba Inland, you can hike or cycledive to explore a shipwreck or a along endless nature trails in thetwo thousand year old sunken city Akamas Peninsula, the Troodos– or paraglide 200 meters above mountains, Pafos Forest andthe sea. And with five marinas Cape Greco. There’s horse riding,now being built or extended, there tennis, and even bungee jumping.are lots of other water sports like In winter you can snowboardwindsurfing, sailing, yachting, water or ski on the slopes of Mountskiing, and salt-water fishing. Olympus in Troodos. And if it’sYou can even take a speedboat dry speed you’re after, there’sout for the day to explore some the Pafos Karting Centre with itsdeserted coves. 1.6km track, bridges, tunnels, and electronic timing.Olympic athletes trained in Cyprusfor the 2004 games, especiallyin Peyia stadium and Coral Bay.They’re still coming here to train,thanks to the glorious weather. 35
  19. 19. Nature lovers Cyprus is an absolute joy for anyone who loves nature. Sitting as it does at the crossroads of three major flora zones – Europe, Africa and Asia – with unspoilt habitats and a varied micro-climate, it has no less than 1800 different plant species. On top of this there are 357 species of birds, nearly 200 types of fish, and 26 different amphibians and reptiles including six types of snake. If you’re brave enough to want Asprokremos Dam host sheep with the beauty of a deer to see these close up, go to waterfowl, owls and lapwings. and the agility of a goat, it’s the Reptile Park in Kouklia Pafos Bird Park has a fantastic and thought to have lived in large where children can hold the noisy selection of tropical birds. numbers as far back at 6000 BC. non-poisonous local Whip Then there’s the Geronisos Once close to extinction and Snake and marvel at other wildlife and bird haven near fighting for reptiles including chameleons Peyia. In all there are twelve its survival, it’s now a protected and lizards. The Paphos Zoo is a special protection areas – one of species with numbers restored to good day out with plenty to do. the reasons why rare and over two thousand. Along the Akamas conservation treasured species such as the The island’s old and rare trees are area you will find the logger Imperial Eagle continue to thrive protected by the Forestry head turtles sanctuary at Lara here. Department. Forty seven Bay. Donkeys have been man’s best individual trees and eight groves friend in Cyprus for centuries. have special designation.The Trusted as calm, loyal workers, oldest in Cyprus is a 1500 year old Cyprus is famous for birds – and once the only means of Pistacia tree which stands in the especially the flocks of migrating transportation, they’re still mountain village of Apesia, near species like flamingoes, cranes, seen everywhere on the island. Lemasos.The stoutest is an olive ibis, pelicans, sandpipers and One of the best ways to get to tree in Xyliatos with a perimeter turners who stop off on their know them better is at the of 13 metres. epic journeys north and south. Donkey Sanctuary in the Large areas of coastline, Pafos The Kensington cliffs at Episkopi village of Vouni. Forest and the Akamas Peninsula are home to hobbies, falcons, The moufflon is another of remain natural and safe habitats vultures and buzzards.The the island’s national treasures, for the island’s amazing wildlife. pools and wild macquis around and is unique to Cyprus. A shy wild36 37
  20. 20. InfoGrowing in popularity The contract in the hands of the Allowances stability, sounder public finances 1pm and 4pm to 7pm in summer, and from state. Net profits are taxed at 10%. Land Registry can’t be and lower interest rates. 8am until 1pm and 3pm to 6pm in winter. Dividend income and profits The following allowancesCyprus is increasingly popular as withdrawn by anyone.This Economic growth and from the sale of shares are taxa retirement destination and for means that the property cannot are available to individuals: employment should both exempt. There is no withholdinginvestment in holiday homes. be leased, sold, transferred or improve. VAT tax on dividend distribution,The growth in demand is due to mortgaged. • The first €17,100 of gains interest or royalty payments. Healthcarea unique combination: the Only the purchaser can change arising from the disposal of The VAT rate in Cyprus has There are double taxation treatiesrelatively low cost of living, the this status. any property Cyprus has a very high standard recently been brought in line with with nearly forty countries.high quality of lifestyle, the • The first €85,500 of gains of medical services. Public and EU guidelines and is currently Interest from foreign capitalhospitality of the local people, the Stamp duty arising from the disposal of a private healthcare are available 18%. deposited in Cyprus banks isglorious climate, and the very A one-off stamp duty is levied house used by the owner for to all. Hospitals, private clinics exempt from income tax. Banklow level of crime. by the tax authorities in Cyprus their own habitation and medical centres are Doing business accounts can be held on the purchase of property.The equipped with the latest Companies registered on the in any currency and funds can be amount payable by the Anyone claiming a combination facilities. Most Cypriot doctors island get all the benefits of full transferred anywhere in the purchaser, relative to purchase of these allowances in only have qualified abroad. EU EU status as well as the lowest world. price, is: allowed a maximum of €85,500. citizens who live permanently in national taxation of any • Up to €171,000 0.15% Cyprus can get a medical card member • Over €171,000 0.20% Capital gains tax from the Ministry of Health. Depending on what you earn, Transfer fees Capital gains tax is levied at 20% this will entitle you to free or on gains arising from the subsidised healthcare. Public holidays The purchaser is liable for the disposal of the property, payment of transfer fees for the however, if it is foreign-owned. Education January 1: New Year’s Day property acquired, when this is The first €17,100 to €85,500 in a The education system on Cyprus registered in their name at the private residence sale is exempt is also of a high standard, and January 6: Epiphany Day Land Registry Office.These fees and there is also an indexation available to all.There are a are charged on the market allowance. number of private schools which Variable: Green Monday (50 Days before Greek value of the property at the date Communal expenses cost around 7,000 euros per year. Orthodox Easter) of purchase: In addition to international Communal expenses may be schools, colleges and academies, • Up to €85,500 3% required by property owners to there are university in Nicosia, March 25: Greek National Day • €85,501-€171,000 5% contribute to the cost of Limassol and Pafos. • Over €171,000 8% cleaning and maintaining April 1: Greek Cypriot National Day communal areas, gardens and Social securityLegal system Inheritance tax swimming pool, as well as Variable: Good Friday (Greek Orthodox Church) management fees and repairs. Agreements with many through to Easter MondayThe legal system in Cyprus is Inheritance Tax was abolished countries including the UK maybased largely on the British on 1st January 2000, and is no Currency - Euro allow the transfer of accrued May 1: Labour Dayequivalent. Purchasers’ rights longer imposed. benefits when people move toare protected in many ways. As of January 2008, the their new place of residence.For example, once the sales Local authority tax currency of Cyprus is the Euro. Variable: Pentecost-Kataklysmos (Festival of the Flood)agreement has been signed and Price transparency in the EU Opening hoursa deposit has been paid, the Property taxes which are levied single market helps price August 15: AssumptionLand Registry in Cyprus by the local authorities range comparability, encourages Most shops are open daily fromprovides a “Specific from €100 to €250 per annum, competition and leads to lower 9am until 9pm during the October 1: Cyprus Independence DayPerformance”.This depending on the size and prices.Travelling and buying summer, and until 7pm in a simple but effective legal location of the property.They goods and services are easier. Some only open in the mornings October 28: Greek National Day (Ochi Day)procedure which protects the cover services such as rubbish There are better opportunities on Wednesdays and Saturdays.purchaser’s ownership rights disposal, street lighting and so too for savings and investment. Office hours are typically from December 24: Christmas Eveuntil the title deeds are issued on. The economy stands to benefit 8am untiland transferred to their name. from greater price December 25: Christmas DayCyprus has a very high standard of medical services. Hospitals, private clinics December 26: Boxing Dayand medical centres are equipped with the latest facilities 39
  21. 21. McLaren for Taste in PropertyCy prus McLaren Group 00357 26343511 email: The materials and information contained herein are provided for general information purposes only and are accurate to the best of our knowledge and belief at the time of writing and are/may be subject to limitations, exclusions, modifications, legal notices and/or amendments without notice and are subject to legislative amendments and changes to the current legislation. The materials and information herein do not constitute legal or any other professional advice and we accept no responsibility for any loss that may arise from reliance placed on information contained in this brochure and make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information.**