Press Release Summary = Three are plenty of places around the Mediterranean coast which offer sun, sand and surf, not to mention plenty of tourist infrastructure and ex-pat British communities too, but southern Cyprus still retains its charms despite it all, according to buy-to-let dealers Buy Abroad.
Press Release Body = Three are plenty of places around the Mediterranean coast which offer sun, sand and surf, not to mention plenty of tourist infrastructure and ex-pat British communities too, but southern Cyprus still retains its charms despite it all, according to buy-to-let dealers Buy Abroad.
Sales director Paul Tomlin said or all the large-scale development that was taking place in tourist hotspots as more and more visitors, not least Briton, discovered the appeal of Cyprus, the \"island is still keeping its character\".
He added: \"It [Cyprus] still has an appeal to people because of its own charm.\"
That charm is very evident to those who look to explore further than the beach or the bar. Cyprus offers a wealth of historic riches, coming from its geographical position close to continental Europe, Asia and Africa. During its history, the island has been variously occupied and influenced by Mycenaeans, Phoenicians, Egyptians, Greeks, Romans, Persians, Byzantines, Venetians and Turks and the British to name but some.
The result is a wealth of ancient monuments, buildings, statues, archeological relics and enduring traditions. Religious festivals and traditional life are there to be discovered by those looking beyond the next tan.
As well as this broad appeal, something few destinations can match, the island still offers \"great potential\" for investors, Mr Tomlin insisted.
\"I can\'t believe how the prices have gone up. It\'s been a progressive growth each and every year for the last two or three years.
He added: \"It is still growing, there is still great potential there and they\'ve got the Euro currency that\'s coming in there. All of that indicates that there\'s going to be another little hike there.\"
That view is certainly not unique. Mark Bodega of currency specialist HIFX has gone on the record as saying the prospective entry of Cyprus and its fellow Mediterranean island, Malta, into the Eurozone next year has boosted overseas property investment in the country, reports homesworldwide.co.uk.
The adoption of the euro may boost Cyprus for all kinds of reasons, not least for the enhanced expectation of economic stability it will enjoy. All of which makes it slightly ironic that it appeals so much to one country whose people have shown no appetite for adopting the single currency. But the historical connection between Cyprus and Britain (it is still a member of the commonwealth) is real enough and manifests itself in ways that put British visitors and ex-pats at ease, points out Mr Tomlin.
For one, he points out, English is spoken everywhere. Then there is the fact that Cypriots drive on the same side of the road. But most importantly for investors is the linguistic basis of legal documents: \"most of the contracts are in English so people feel comfy with the legal system there.\"
Small wonder the small and wonderful island is enjoying such a property boom.
2022
