Churchill Innovative Solutions

Churchill Innovative Solutions
Office Suite H, The Innovation Centre, St Cross Business Park, Monks Brook, Newport, Isle of Wight, PO30 5WB

http://www.cisoverseas.com
House / Home - For Sale - Anarita, Paphos (Pafos), Cyprus
Ref: chu144 Prices From CYP166,000
   
Anarita Villas  
Anarita, Paphos (Pafos), Cyprus
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  • Beautiful, scenic location
  • Covered and uncovered verandas
  • En-suite shower-room
  • Covered area from 118m2
  • Bedrooms: 3, Bathrooms: 2, Floor Area: 118 sq. mt

    The neighbouring forest of olive trees, carob trees, wheat fields, vegetable gardens and citrus groves are cultivated in the area.


    Its proximity to Pafos, its tranquil atmosphere in connection with other elements of its tradition, its modern amenities and its perfect climate, make Anarita one of the most favoured places for people who prefer tranquillity and simplicity but at the same time wish to take advantage of the modern amenities of nearby Pafos Town.

    On an island that is now our fifth most popular foreign destination; many ex-pats have been attracted by the 300-odd days of sunshine annually and the island’s low flat tax rate for non-Cypriot residents of just five per cent. The low cost of living is an added bonus that reportedly has encouraged 60,000 Britons to buy a second home in Cyprus, where many have bought on newer developments. Because of the excellent weather and the fact that property represents good value for money, in Southern Cyprus home ownership by the British has grown steadily in recent years particularly around Paphos, Agia Napa and Limassol.


    Since joining the EU in 2004, Cyprus has enjoyed a capital growth of 30-40%.

    Cyprus is rapidly becoming one of the fastest growing property markets in Europe, with annual property prices increasing in the order of 15-20% per annum.

    Continued investment in infrastructure of the island, the growing popularity and accessibility of Cyprus, entry into the Euro in 2008 and the relatively low prices compared with the likes of other popular European destinations such as France and Portgual, support the expected continued growth in property prices for the foreseeable future.

    Demand is outstripping the supply in Cyprus at the moment and with the population estimated to grow significantly beyond the current one million in the next 15 years, it seems that prices are set to soar and we could be approaching a "boom" period in the market. The financial economy in Cyprus is extremely strong and it is expected to join the Euro as early as January 2008, and as such has to meet very stringent financial targets, all good signs for the investor. These include the reduction of interest rates to fall in line with the European Central Base Rate, this can only serve to strengthen the rising property prices. Cyprus, is at present on track to meet all financial targets. History suggests, and Independent financial projections forecast, a subsequent boom in the property market, making now an ideal time to purchase in the short, medium and long term.

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    Exchange rates 1 CYP = 2.52488 $ 1 CYP = 1.28880 £ 1 CYP = 1.70860 €
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