What
about Cypriot money?
Cypriot money is straight forward and simple; based
on the decimal system, with the Cyprus Pound being
made up of 100 cents.
As a general rule of thumb, you would expect around
83 Cyprus cents per Pound sterling exchanged. Coins
in circulation range from 1 cent to 50 cents, notes
from C£1.00 to C£20.00.
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Are banks in Cyprus
similar to Britain?
Banks in Cyprus are closely modelled on the British
system. Individual Branches tend to be efficient,
modern and equipped with the latest technologies.
As a foreign citizen, you are entitled to open foreign
currency accounts or deposit accounts without restriction.
In major towns and cities, you will also find many
branches of international banks.
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Has Cyprus become a
full member of the E.U. yet?
On May 1st 2004, Cyprus became a full member of the
European Union.
As a result of full E.U. membership, E.U citizens
are now permitted to live and work freely in Cyprus.
Various other restrictions, especially with regards
to property law will also be relaxed between now and
May 2009.
Cyprus replaced the Cyprus Pound with the
Euro on January 1st 2008.
The rate agreed on the 10th July 2007 and frozen until the new currency's introduction, was set at 0.585274 Cyprus cents to the Euro.
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How
do I get the title deeds for my property in Cyprus?
Transfer of ownership is a simple process involving the Cypriot
Land Registry Office who issue all property title deeds.
When the title deeds are issued, they are in the name of the buyer
and are filed in confidential government archives and are never made
public or ever published.
Click
here for more information about Real Estate purchases in Cyprus.
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How does the cost of living compare
to the rest of the world?
Cyprus has a high, European style standard of life, whilst retaining
a comparatively low cost of living.
In a monitoring programme of 144 cities world-wide, Limassol finished
ranked 95th with an average cost of living 41% cheaper than London.
A similar survey of 66 countries ranked Cyprus as 49th with an average
cost 35% cheaper than the European average.
Click
here for in-depth information about the cost of living in Cyprus
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Can you help me with furniture
and fittings for my Cyprus property?
During your visit, we can concentrate on developments offering fully
furnished properties. Thanks to our extensive local knowledge, we
are also able to advise you on the very best outlets to buy high
quality furnishings and fittings at the best prices.
Where time permits, we will take you on a shopping excursion for
the furnishings and fixtures you require.
In addition, we can recommend various highly skilled interior designers
to make your dream property as individual as you are.
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