Many factors are helping to fuel the popularity of the Cyprus property market, notwithstanding the adoption of the Euro at the beginning of the year, cheap flights and a booming tourist industry make this an ideal investment location, says Gary Clayton of Principal International, one of the UK’s leading overseas property investment companies.
Since joining the European Union, property prices have steadily risen but a government official for the country believes that with its stable socio economic environment, the adoption of the Euro will see prices rocket. Now is a good time to buy for investors, says Principal International, before prices become too uncompetitive.
Cyprus has much to offer, its state of the art infrastructure and highly qualified labour force make the country an attractive proposition for international businesses. In fact it has been said that Cyprus is becoming an international business hub between Europe, Africa and Asia.
