Property in Cyprus
Cyprus' balmy climate and long-standing status as a popular tourist destination, combined with its entry into the European Union and the pegging of its economy to the euro, have earned it a firm place on Britons' list of favourite overseas property locations. The distinct British influence on the island (English is widely spoken and you even drive on the left) along with low taxes for pensioners have helped make it especially popular among retirees. Developments have sprung up all over the island, which is the third biggest in the Mediterranean, with tourism centring mainly on Larnaka, Umassol, Nicosia and Pafos. More recently agents have been selling properties in Turkish-occupied Northern Cyprus.