I was over the moon when the Cypriot government announced it's plans to introduce the Euro as it's currency as I knew it would really help on the Cyprus property market into a new dimension. There were those who doubted it's effectiveness in such an under developed nation but the current property market in Cyprus is just booming.
The introduction of the Euro has lead to an average annual rise in Cyprus property prices of nearly 10% and people have literally gone crazy with land investments which has seen sharp increases in market value. The current stable interest rate has not stopped Cypriot banks in giving mortgages and this has prevented a slow down in the Cyprus property market. The island of Cyprus has really opened itself up to potential property investors with improved airport installations with a lot more low budget flights helping Cyprus property investors to finalize their property investments with added ease.
There is no doubt that such closes ties between the nations of Cyprus and the United Kingdom after the second world war that the Brits just love Cyprus as an all year round holiday destination. Todays Europe has come a new treaty of nations that work side by side as equal partners and where better than the mythical island of Cyprus to all come together, relax and enjoy everything this beautiful island has to offer. The best thing is that you can enjoy the Cyprus spectacular for almost 300 days a year when the sun just never stops shining.
The British have been investing in Cyprus property for a number of years now leading to investors making huge gains due to a steady rise in property prices. We are now seeing other Northern European tourists looking towards Cyprus for excellent property investments and who can blame them. Looking further afield, even Middle Eastern Property investors are beginning to notice Cyprus and all this when Property Investments have taken a dive in the larger European nations.
The urbanization of Cyprus has been carried out with strict rules concerning green spaces with an incredible amount of detail paid to the Environment. This is just why I love Cyprus with a passion and would fully recommend the change of venue, as you will see on my blog at Cyprus Informer, which you will find linked below.
Discover these Cyprus Villa Tips written by the illustrious Tim Martins and check out his Cyprus Travel Blog. |
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