Why You Should Pay Attention To Property For Sale In Cyprus

by Glenn Ford

Why You Should Pay Attention To Property For Sale In Cyprus Why buy property in Cyprus? Why has there been so much interest in property inCyprus in recent times? These are some of the questions being asked by the fewproperty investors who have yet to discover this hot market.Amazingly Cyprus is midway between Dubai and theUK being just three and a half hours away from Dubai.When you add other factors like the wonderful, mild island climate, low crime rateand the fascinating history, you will begin to understand why Cyprus has beenirresistible to many property investors. I recently used http://www.citrus-iberia.com/ to find some wonderful rentals in Cyprus.Cyprus joined the European Union (EU) on 1st May 2004. This single move transformedthe already booming Cyprus property market and ushered in an even higher level ofprosperity. The first thing that happened after Cyprus joined the EU was that thelist of international property entrepreneurs looking to buy exploded, especiallyBritons who now have an automatic right to work on the island and social securityand other benefits are transferable between Cyprus and their home country. Interestingly buying to let is a pretty good investment option in Cyprus and it iseasy to make a purchase self-funding within a very short time, through rentalpayments. The fact that Cyprus is an increasingly popular tourist destination meansthat demand will remain high, pushing rentals and the value of your property higherand higher all the time. Many investors have had their portfolios performing poorly in other investmentmarkets like the stock market where returns have been very low in recent times. Thismakes property investment in some of these emerging new markets extremely attractiveand viable. More so because of the high potential rates of return that can beenjoyed over a very short period of time.

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