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Until now, many people have not considered Cyprus
Until now, many people have not considered Cyprus as the ideal location for either a permanent or holiday home, but it is now three years since Cyprus became a member of the European Union, and with interesting reports on the travel programmes revealing the country's diversity and well known Cypriots frequently putting their homeland 'on the map', so 2007 is definitely going to be the year that many choose to visit Aphrodite's Island for the first time. Many more will be making a second or subsequent visit and with the abundance of information about property purchase and the wealth of cheap flights now available, a place in the Cyprus sun will definitely become a topic for discussion!
Whilst deciding that Cyprus 'is the place' is easy - think great weather, good food and wine and a slower pace of life - where and what to buy is definitely a harder decision! At Investment property in Cyprus we try to help you make the right one! We work closely with Developers & our Associates to bring you valuable and accurate information about property purchase in Cyprus. Our recommendation is 'do it', but confidently and be well-informed and then we know that you won't regret it…
In Cyprus, statistics taken from a study made by CTO have placed the number of properties owned by foreigners - non Cypriots - to 129,000 approximately, and the demand for properties remains buoyant, especially since a number of innovative projects including new golf courses and marinas have been announced. Most of the demand is for seaside property, about 80% and the 45% choose Pafos, Limassol 18% and Larnaca with 16%. By Nationality we have 70% British, 13% Russians and 7% Greeks from Greece. The purchasing power of those with intend to purchase property is: 33% up to the value of £40,000, 28% up to £80,000 and 18% much more. The age bracket of these people is mainly between the ages of 45 to 54 years old. Cyprus appeals however, to people from all walks of life and all ages and as you read this, stop awhile and glance out your window because if it is grey and rainy… just think, Cyprus enjoys more than 340 days of sunshine each year… how about considering a hideaway on this comfortable Mediterranean Island?
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