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Paralimni and the Troodos Mountains

The former farming community of Paralimni has acted as the capital and administrative centre of Famagusta province since the Turkish invasion of 1974. The Troodos Mountains in the island's centre are offer a change to escape the heat of the coast on a hot summer's day.

The Major Towns of Cyprus

A brief overview of Cyprus

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AYIA NAPA (AGIA NAPA)

Ayia Napa lies 40 km to the east of Larnaca. It was once a small fishing village which had only a venetian monastery to boast of. Since 1970 it has become a very popular summer resort acquiring a reputation for outlandish, unruly behaviour. However, due to the recent election of the current mayoress, Ayia Napa has substantially cleaned up its image and is once again a holiday destination for the whole family boasting superb beaches of fine sand, emerald seas and excellent hotel infrastructure.

PARALIMNI

After most of the province of Famagusta was captured by Turkish forces, the small town of Paralimni with a population of approximately 8,000, became the temporary administrative centre of the province. Once an insignificant village, it has in recent years enjoyed great economic and demographic growth and has developed as a tourist centre. Like Ayia Napa, Paralimni enjoys an excellent tourist infrastructure and has proven a popular holiday destination recently.

TROODOS & PENTADAKTYLOS MOUNTAINS

Although Cyprus as a whole, cannot be described as a mountainous land, a larger part of it is never the less covered in mountains and the greater parts of the provinces of Limassol, Paphos and Kyrenia are mountainous. There are two mountain ranges on Cyprus: Pentadaktylos (1023m) and Troodos, the highest peak of which is Olympus at 1951 meters above sea level. Troodos was an island of volcanic rock from which 11,000,000 years ago the island of Cyprus was created by tectonic forces. Snow is a very rare phenomenon in the plains, though it snows quite frequently on the higher peaks of Troodos, especially during the months of January and February. The sources of all the rivers of Cyprus of any note, are to be found in the Troodos range and the area is accordingly of enormous importance for the water supplies of the island. Many vitally important dams are found in the Troodos mountains.

Regardless of which part of Cyprus you choose to buy a home in, you can be assured that Aphrodite Property Sales is there to help you make the process as easy and straight forward as possible.

Remember: We aim to give the right advice, at the right time, in the right way, with no hard sell

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Paralimni and the Troodos Mountains - Across the Republic of Cyprus

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Cyprus Investment Property

After purchasing a property in Cyprus, whether a Cyprus Investment Property or a holiday home, the outstanding tax climate alone should be reason enough for you to beat a path to Cyprus. However, if you are a British Citizen retiring to the Republic, your income is effectively better off by 17%, through having your pension paid locally, you are then only taxed at 5% by the Ministry of Finance and is totally free of any withholding tax from the UK.

Cyprus Capital Gains Tax

Although all property owners are liable for Cyprus capital gains tax on profits derived from disposing of their home, there are a number of allowances and concessions to be taken advantage of.

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