Culture, History, and Business
There are several perks of investing in property in Limassol right now. The first and the most crucial point is Cyrus has a very positive tax regime. This is why retirees from around Europe like to settle down in this country.
Also, Cyprus has one of the highest foreign pension rates in the whole European Union, standing at a maximum of 5%. The country is facing a financial boom currently, as all the sectors are faring pretty well post the Economic downturn.
Another great benefit of investing in property in Cyprus is the ease of the process. If you hold a passport from any country in the European Union, you can buy a piece of property with no hassle whatsoever. However, if you don’t own an EU passport, getting the authorization and permission is pretty straightforward.
If we talk about Limassol specifically, this city is primarily focused on providing a comfortable and peaceful living to its citizens. It is the safest city in Cyprus, and you would just love the atmosphere and energy it has to offer.
In the last five years, Limassol has seen a massive jump in its tourist count owing to the number of visitor destinations it has to offer. So the number of restaurants and hotels in the city has also been increasing.