Presenting Greek & Cypriot Investment Opportunities - Eurofast
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BEYOND REAL ESTATE
WHY INVEST IN REAL ESTATE IN
GREECE & CYPRUS?
Presenting Greek & Cypriot
Investment Opportunities
Eurofast Global Offices:
London | Athens | Thessaloniki | Lefkosia | Sofia | Bucharest | Belgrade |
Podgorica | Tirana | Skopje | Zagreb | Ljubljana | Pristina | Banja Luka |
Sarajevo | Cairo | Alexandria | Tbilisi | Kyiv | Moscow | Beirut | Erbil | Tehran
The island of Cyprus
Population EU Member
950,000 app. Since 2004
Presidential Favourable
Democratic Republic Business laws
Well developed Greek & Turkish Dependence
economy English as business on Tourism
language
What does investing in Cyprus mean?
• Lifestyle & wellness
great climate all year round,
outdoor recreation
• Secure environment
low crime & low poverty rates,
high GDP per capita
• An attractive social environment
a democracy with religious
tolerance
• Geographical location
Favourable tax regime
easy access to Europe, the U.S ✓ 12,5% corporate tax,
the Middle East, the Far East ✓ 60+ double tax treaties,
• Highly educated workforce ✓ 0% property tax,
working under UK law ✓ 0% inheritance tax,
✓ non-domicile rules
The Cyprus economy
✓ GDP growth rate YoY (2017): 4,5%
✓ GDP growth rate YoY (2018): 3.9%
✓ GDP growth rate YoY (Q2 2019): 3.2%
✓ Unemployment rate (2018): 8,4% vs 8,3% in
the Euro Area (2018)
✓ Real estate & construction=>16% of gross
value added (2018)
(Tourism/retail: 25%, Financial services: 10%
A Cypriot 10-year government bond yield issued in Q2 of 2013 was
priced at 3,43%. As at Q1 of 2019 the same bond yield dropped to
0,52% signifying the strong performance of the Cyprus economy.
The increasing demand for real
estate in Cyprus
The largest growth drivers in 2018 were construction and real estate activities,
closely followed by tourism and retail trade.
The Cyprus investment program has injected approximately EUR 1Bn per year
since its launch.
Non-domicile tax incentives also assisted towards the increase in the demand for
real estate.
47% 12% 6%
(2018) (2018) (2018)
Contracts of sale Building permits Contracts of sale
by non-nationals
Cyprus profitable investments • Business/office projects within the tourist regions. • The rental market has been fuelled by the boom in tourism resulting in annual returns of up to 5%. • Residential homes are high in demand yielding on average 3% to 4% annually. • In Limassol, in particular, the YoY growth rate to Q3 2018 was over 8,5%.
Cyprus: areas of growth Casinos Maritime Industry 5 satellite casinos by 2020. The Cyprus flag fleet ranks amongst One casino resort by 2021. the 10 largest in the world. Energy sector Funds Industry Excellent quality & abundance of Assets under management at €6.8Bn natural gas. as at June 2019.
Greece: country profile
Population EU Member
10,7 million app. Since 1981
Parliamentary Schengen Area
Democratic Republic member
Greek Dependence
English as business on Tourism
language
Investing in Greece
• Favourable investment environment
through economic and political stability.
2018 was a landmark year for the Greek
economy.
• The property market represents good
value for money. Since the start of the
economic crisis, real estate prices have
dropped over 30%, making them the
cheapest in Europe.
• Greek real estate is expected to offer an
impressive 5%-10% RoR
• In the heart of the Mediterranean with a
strong tourist sector attracting investor
opportunities all year round.
• Approximately 30 million international
visitors visited the country in 2017.
• Low cost access for the “Golden-Visa”.
Greek economy: signs of growth YOY growth rate (2019): 1,9%
Greek profitable investments
• Investing in commercial properties
in Greece (hotels, malls, food and
beverage, warehouses)
• Properties in up-and-coming areas
in central Athens
• Investment areas: Athens,
Thessaloniki
• Rental properties via online
platforms such AirBnB yield up to
6% annually
• Investing in energy and tourism
• Logistics
• Export-Oriented ManufacturingGreece: areas of growth Tourism Agricultural & Food Processing Energy Merchant Shipping
Properties www.eurofastcitizens.eu
Properties in Cyprus Shopping mall in Nicosia A 3 storey shopping mall of total area of 59.437 sqm Within very close proximity to the highway. Is easy accessible to the city centre. The property has been built on 2 plots 1.126 parking spaces Used to be comprised of a supermarket and a large retail and commercial area.
Properties in Cyprus Residential development, Paphos Comprises of 27 incomplete apartments The wider area of the property comprises of residential developments as well as undeveloped parcels of land.
Properties in Cyprus Villa, Ayia Thekla, Famagusta region Four bedroom villa located very near the beach Built on 2 levels Of high quality materials Big size pool with surrounding garden Built on 419 square meter .
Properties in Cyprus Villas within a resort in Paphos Luxury villas with a built area of 1.074 sq. meters Luxury features include marble floors, under floor heating, a complete Italian furniture package, 24h Security Patrol Beach is only a couple of meters away The area also includes a clubhouse as well as a 5* hotel and spa
Properties in Cyprus Apartments & villas in Limassol A modern/ high-tech style 3 storey complex of two blocks that comprise 8 spacious apartments each. One- to three bedroom apartments with parking Unique, high quality luxury apartments ideal for investment. Consists of 7 villas with roof gardens & basements and twelve 2 and 3 bedroom apartments with spacious verandas
Properties in Greece Apartment complex in Piraeus Luxury building of apartments of 18.010 sq. meters built area Consists of 85 apartments & 98 parking spaces The building has very low operating and energy consumption costs Offers a swimming pool on the roof, a fitness room, playground, & individual verandas 5-minute walk from the port of Piraeus and 15-minute walk from the Metro station of “Piraeus’’
Properties in Greece Commercial building in Athens Located in central Athens at Stadiou street Built in 1962, renovated in 2006 4,434 sqm Consists of a basement, 8 floors and a rooftop
Properties in Greece 2 Industrial buildings in Thessaloniki An industrial building with a total surface of 5.541,87 sq.m. For light industrial & storage use as well as for office space. A commercial building, formerly used as a car dealership Total built area: 5.764 sq.m,
Properties in Greece RESORT OF 3 BUILDINGS in HELLINICO Luxury apartments 126 sq. m. (2 or 3 bedrooms) to 333 sq. meters (5 bedrooms and 1 playroom) 5 minutes away from the up market Glyfada center and less than 5 minutes away from the beach Oak wood flooring, white marble balconies, in-floor heating system are only few of the features The building has 2 underground levels offering spacious parking lots for at least 2 cars per apartment
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