Press Release Summary: Amidst the clouds of gloom that seem to be hanging over so many of the world\'s property markets, it is always pleasing for investors to hear that there are still plenty of rays of sunshine out there. On Cyprus, an island that gets over 300 days of sun a year, there seems to be more of it than in most places.
Press Release Body: Amidst the clouds of gloom that seem to be hanging over so many of the world\'s property markets, it is always pleasing for investors to hear that there are still plenty of rays of sunshine out there. On Cyprus, an island that gets over 300 days of sun a year, there seems to be more of it than in most places.
But while the weather is itself one of the attractions that draws people to this Mediterranean island, along with its beaches, scenery, history and varied culture, the state of the market is one of the most dazzling aspects of Cyprus now.
Home Move is one of the portals that has picked up on the boom that has been enjoyed in the property industry, noting recently that the country saw a 12 per cent growth in its market last year and is expected to see an eight per cent increase this year. On this basis, if the credit crunch is having an effect, it is a limited one.
The site also noted that Cyprus is well equipped in terms of transport and communications, plus the all-important airline access, which is crucial to the tourist element as investors look at both the buy-to-let sector and indeed the possibility that a property could be sold on at a tidy profit to a holiday maker who enjoys the country enough to join Britain\'s established expatriate community on the island.
Another factor Home Move noted was the role played by European Union membership and latterly by the adoption of the euro as its official currency on January 1st this year. It was also picked up on by Principal International in January, which suggested this could continue to drive the market.
The euro, of course, provides economic stability, but the best currency in the world may not make a country more attractive than its natural and cultural resources. It is for this reason that tourism may remain the key to continued growth. Principal International pointed this out this when spokesman Gary Clayton said: \"With the rapidly expanding network of air traffic flowing much more frequently into Cyprus, we would expect rapid growth and progress in the property market. Our investors are keen to keep an eye on those locations where the low-cost carriers are opening up new routes and Cyprus is definitely not proving to be a disappointment.\"
Such a combination should logically lead to more tourism, which in turn will further grow the Cyprus buy-to-let holiday home market. Just to make sure, the Cyprus Property Tourism Organisation has embarked on a new marketing campaign, reports propertyshowrooms.com. This will feature tennis star Marcos Baghdatis and concentrate heavily on the UK, which provided over a million visitors last year.
Therefore, not only is Cyprus offering growth, numerous attractions and good air links, but it is taking nothing for granted as it seeks to continue growing its economy, including in ways that may continue to boost the property investment sector.
In today\'s world Property investment is an excellent investment option especially investment in UK
2025
