Cyprus is the third largest island in the Mediterranean after Sardinia and Sicily, located 65 Km from the southern coast of Turkey and boasts an excellent sunshine record! It mixes European culture with ancient enchantment, welcoming you to a world of stunning beaches, mountain peaks, vineyards studded with olive trees and a wealth of culture.
Cyprus is one of the top favorites with British buyers, be it for year-round letting, a holiday home or those going out to the island to retire. With the recent growth in the tourist industry due to increased facilities and an improved infrastructure, Cyprus is quickly taking on a new identity as a very sensible investment option within one of the fastest growing property markets in Europe. While the tourist industry in Cyprus is gaining momentum, Buy-to-Let investment in Cyprus is viable due to the increase in demand for rental property.
There are many reasons why property in Cyprus is seen as such a stable investment by so many overseas property buyers. It is seen as a safe investment because the Cyprus property market is growing at a stable rate and property prices remain competitive compared with other EU locations. It has full EU membership, and a legal system based on that of the UK, with the promise of more good things to come as the country prepares to adopt the euro currency
on January 1st 2008.
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