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   CYPRUS

Country Information : Cyprus

Cyprus is a Eurasian island in the eastern part of the Mediterranean Sea south of the Anatolian peninsula (Asia Minor) or modern-day Turkey Cyprus is the third largest island in the Mediterranean. The northern area has been occupied by Turkey since it invaded in 1974 and is called the Turkish Republic of Northern Cyprus but is officially recognized only by Turkey. The United Nations-controlled Green Line separates the Turkey occupied areas from the rest of the island and there are two British Base Areas Cyprus has been a member state of the European Union since May 1, 2004

Cyprus is a modern country that effortlessly marries European culture with ancient enchantment. Here you will discover a compact world of alluring beaches and fragrant mountain peaks, vineyards studded with olive trees and ancient ruins that stir the imagination, citrus groves and old stone villages where sweet wine flows as freely as conversations at the local café. A carefree place where a sense of timelessness is magnified by the kindness of the people.

This beautiful country enjoys perhaps the best type of Mediterranean climate with about 340 warm and sunny days. Summer is the season of constant sunshine and cloudless skies. Winters are mild with some rain, and snowfall on Troodos Mountains. Maximum mean temperatures range from 14C or 57F in January to 37C or 99F in July and August.

Cyprus enjoys a fairly high European standard of living, while at the same time remains a relatively inexpensive country. According to a survey conducted by the Union Bank of Switzerland it is ranked as the 10th least expensive business centre in the world and the least expensive in the whole of Europe.

The currency is the Pound, which is sub-divided into 100 cents. As from June 1992, the exchange rate of the currency has been pegged to the ECU. The margin within which the currency is allowed to fluctuate has been fixed at 2.25% above or below the central value, 1.7068 ECU.

The average flight time to Cyprus from the UK is just over 4hrs and there are many charter flights through the summer, while British Airways offers scheduled flights in both the summer and winter months.

Property values having risen steadily in Southern Cyprus over the last few years, in particular it was reported that there was an average 18% rise for 2005. Prices start from as little as £66,505 for a 1bed/1bath apartment.

>> Click here to view information about buying a property in Cyprus <<

 

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