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Cyprus: An investment 'paradise'

Wednesday, September 02, 2009

Source: Catherine Deshayes

The Mediterranean island of Cyprus has been proposed as an ideal choice for those considering an investment in property overseas.

Investment International noted that buyers are increasingly being attracted to the country as reunification talks continue and travel and trade restrictions are relaxed.

According to the magazine, the north offers homes at up to 50 per cent cheaper than in the south, although buyers have benefited from increases of around 25 per cent in the last two years alone.

Further growth is expected as Cyprus is promoted internationally as an option for anyone seeking homes overseas, while golf courses and casinos may also contribute.

And the lifestyle benefits of moving there were emphasized by the news source, as it stated: "Cyprus is a paradise island of incomparable natural beauty, full of unique historical treasures."

Nearby Greece was recently highlighted as a popular retirement destination for Britons by Sofia Panayiotaki of the Greek National Tourism Organisation.

Spokesperson for Investment International stated: "Investors have seen impressive price rises of around 25 per cent over the past two years, boosted by those reacting to the increase in tourism."

Source: Halifax International