Why You Should Pay Attention To Property For Sale In Cyprus
By Glenn Ford
Why buy property in Cyprus? Why has there been so much interest in property in
Cyprus in recent times? These are some of the questions being asked by the few
property investors who have yet to discover this hot market.
Amazingly Cyprus is midway between Dubai and the
UK being just three and a half hours away from Dubai.
When you add other factors like the wonderful, mild island climate, low crime rate
and the fascinating history, you will begin to understand why Cyprus has been
irresistible 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 transformed
the already booming Cyprus property market and ushered in an even higher level of
prosperity. The first thing that happened after Cyprus joined the EU was that the
list of international property entrepreneurs looking to buy exploded, especially
Britons who now have an automatic right to work on the island and social security
and other benefits are transferable between Cyprus and their home country.
Interestingly buying to let is a pretty good investment option in Cyprus and it is
easy to make a purchase self-funding within a very short time, through rental
payments. The fact that Cyprus is an increasingly popular tourist destination means
that demand will remain high, pushing rentals and the value of your property higher
and higher all the time.
Many investors have had their portfolios performing poorly in other investment
markets like the stock market where returns have been very low in recent times. This
makes property investment in some of these emerging new markets extremely attractive
and viable. More so because of the high potential rates of return that can be
enjoyed over a very short period of time.
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