Cyprus is an island rich in historical culture and a unique beauty and Cyprus has become extremely popular amongst holidaymakers from all over the world. With over 300 days of sunshine per year and offering many superb beaches spread along its coastline, it isn't difficult to see just why so many people have grown to love Cyprus.
Prominent holiday home investment markets such as North Cyprus produce high return benefits of approximately 4-5% per year for the coming ten years. This sort of revenue returns are set to stay for the foreseeable future, meaning North Cyprus will retain a stable economy and growth will continue in positive territory.
Even though North Cyprus has been popular with holiday home investors for quite a few years now, the increase in developments on the island has also continued, keeping up with the an increasing high demand. There are a whole bunch of determining factors that have helped to make this healthy investment environment possible. Favorable fiscal conditions, a high standard of living and a booming tourist industry and today's holiday home investors are not only finding North Cyprus to be a winning choice, but a European leader in property investment.
Apart from the increasing demand for tourism in Cyprus, there are many other factors that have come together in recent times leading to more favourable property investment opportunities. Above all it's membership into the European Union, it's resulting increase in trade, a thriving economy, higher standards of living, reduced taxation and an improved legal system have all done their bit to promote property investment in Cyprus.
As well as the monetary reasons for investing, the potential reunification of the island will offer considerable investment opportunities, especially in the Turkish controlled north where property is still considerably cheaper than in the Greek controlled south. Talks are at present on-going regarding potential re-unification, and whilst they are still at an early stage, it has resulted in a keener focus on political events in Cyprus.
Already there are an increasing number of high quality projects being developed throughout the north of the island, and destinations including Catalkoy and Bogaz are already proving popular investment choices. Should re-unification be confirmed, this development process is likely to gather pace considerably, with prices in the north increasing to equal levels currently found throughout the south of the island.
As things begin to get complicated due to the global financial crisis, investors have tough decisions to make regarding objectives and returns, but Cyprus is without a doubt a property investors paradise. Mark Burns, who works for Offplanworld.tv, a real estate company based in the UK that specializes in off-plan investment property throughout the world's emerging markets, offers a whole range of off-plan property on the island of Cyprus. - 15266
Prominent holiday home investment markets such as North Cyprus produce high return benefits of approximately 4-5% per year for the coming ten years. This sort of revenue returns are set to stay for the foreseeable future, meaning North Cyprus will retain a stable economy and growth will continue in positive territory.
Even though North Cyprus has been popular with holiday home investors for quite a few years now, the increase in developments on the island has also continued, keeping up with the an increasing high demand. There are a whole bunch of determining factors that have helped to make this healthy investment environment possible. Favorable fiscal conditions, a high standard of living and a booming tourist industry and today's holiday home investors are not only finding North Cyprus to be a winning choice, but a European leader in property investment.
Apart from the increasing demand for tourism in Cyprus, there are many other factors that have come together in recent times leading to more favourable property investment opportunities. Above all it's membership into the European Union, it's resulting increase in trade, a thriving economy, higher standards of living, reduced taxation and an improved legal system have all done their bit to promote property investment in Cyprus.
As well as the monetary reasons for investing, the potential reunification of the island will offer considerable investment opportunities, especially in the Turkish controlled north where property is still considerably cheaper than in the Greek controlled south. Talks are at present on-going regarding potential re-unification, and whilst they are still at an early stage, it has resulted in a keener focus on political events in Cyprus.
Already there are an increasing number of high quality projects being developed throughout the north of the island, and destinations including Catalkoy and Bogaz are already proving popular investment choices. Should re-unification be confirmed, this development process is likely to gather pace considerably, with prices in the north increasing to equal levels currently found throughout the south of the island.
As things begin to get complicated due to the global financial crisis, investors have tough decisions to make regarding objectives and returns, but Cyprus is without a doubt a property investors paradise. Mark Burns, who works for Offplanworld.tv, a real estate company based in the UK that specializes in off-plan investment property throughout the world's emerging markets, offers a whole range of off-plan property on the island of Cyprus. - 15266
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Read these Cyprus Villa Tips written by the illustrious Tim Martins and check out his Cyprus Travel Blog
