THE FINE & COUNTRY INTERNATIONAL NETWORK WELCOMES CYPRUS

Fine & Country’s international expansion continues, as Cyprus becomes the latest addition to the network. Purple International was established in September 2007 and has worked hard over the past 15 years to become a deserved market leader.

Giorgos Tsoukkas, Managing Director of Fine & Country Cyprus, was inspired by the brand’s vision and expertise before becoming part of the network.

With their head office located in the Famagusta District, on the Eastern coast of the island, Fine & Country Cyprus will offer coverage across the most popular areas of the country. The property market in Cyprus has remained steady in coastal areas. The region is particularly popular among European expats, with the country being a well-located island at the crossroads of Europe, Africa and Asia. The island is renowned for its natural beauty, ideal weather conditions and numerous blue flag beaches, and has been experiencing a significant increase in foreign investment in its property market in recent years. Giorgos notes: “One of the factors that makes Cyprus an attractive destination for foreign investors is its low corporate tax rate, which is among the lowest in Europe.

This has led to an influx of professionals from countries such as Germany, Italy and France, who work online and move their companies to Cyprus to take advantage of the low tax environment. The increase in foreign investment has also led to a surge in construction activity, with developers building new properties to meet the growing demand from both local and foreign buyers. Another significant factor that may influence the property market in Cyprus in 2023 is the country’s Permanent Residency Program. This offers foreign investors the opportunity to move to the island with family and enjoy the island lifestyle.”

Fine & Country Cyprus already market an impressive selection of luxury properties on their website, listing luxury villas and prime city apartments up to €8,000,000. With the average price of a villa in Limassol around €1,500,000 and around €600,000 in Paphos, Larnaca and Ayia Napa, and apartments ranging from €200,000 to €500,000 on average across the island, Fine & Country Cyprus will continue to exclusively target the upper quartile.

For more info, contact giorgos@fineandcountry.com or scan the QR Code