Good Morning from Sunny Cyprus

 

 

The Cyprus pound has been set with the euro @ £1 cyp = €1.70

 

 

Properties can now be purchased in Euros.

 

80% mortgages, 2 year freeze, followed by interest only for 5 years. Best mortgage on the market currently is Swiss francs

 

Growth this year January to June is 7%

 

Do Remember VAT @ 15% goes on all land purchases 1.1.2008, dont hesitate to get in before this happens.