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Press Release: September 2008

In a country with supremely low tax on pension income - Cyprus is the perfect place for retirement. 

Cyprus offers a superb tax system whereby foreign pensions will only ever be at 5% tax – maximum. “This is exceptional”, says Serge Cowan, MD at Unique Living, specialist property agents offering supreme luxury and lifestyle homes around the world including properties for sale in Limassol.

“When looking for a retirement home one has to consider not just what the country has to offer but also where you stand financially. Cyprus must come high on people’s agenda because it has so many benefits”.

In some countries you could be paying tax in your home country on pension income of 40% or even higher, so the 5% is something that really needs to be taken into consideration when buying abroad.

Cyprus also has many other benefits; good year round weather, low crime rate, you drive on the left, a cosmopolitan atmosphere, quality golf courses, EU membership and superbly located at Eastern end of the Mediterranean making access to the Middle and Far East as well as Europe, easily manageable.

In addition, the Government of Southern Cyprus is making big strides to be a serious contender in the world of “movers and shakers”. Developments are increasingly for higher end market and soon to be released is a Marina Resort in Limassol. This is to include a man made island for residential villas plus there is rumoured to be  a 5* hotel and berths for 600 privately owned boats.  All of which is to be in the heart of the old town of Limassol and its rapidly growing commercial and business centre.

“Southern Cyprus is rapidly changing and those who are astute can be part of this altering picture – one that is creating a supremely elegant and sophisticated island to appeal to discerning buyers from around the world. A shrewd buyer looking at the current market place will not be disappointed with Cyprus and in particular real estate in Limassol”, concludes Serge.

Unique Living – International Real Estate
0845 430 0185
www.uniqueliving.com

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