Innovative property investments
Cyprus Property Investment News
Cyprus set to ascend
Though the island is currently involved in territorial disputes with its neighbours Turkey, there is some good news for investors with an eye on Cyprus.
According to property analysts, the flourishing Cypriot real estate market is to continue its strong performance of recent years, with housing prices set to rise by some 20 per cent over the course of the year.
In conversation with the Financial Mirror, Solomon Kourouklides, chairman of the Cyprus Real Estate Agents Association, said that strong demand for properties on the island will be sustained throughout the year.
The newspaper also states that: "All indications point to 2007 being a record year, well surpassing the total CYP 1.7 billion or $3 billion in property transactions made in 2006."
Foreign investment has placed a significant part in the improving fortunes of the Cypriot property market, with one fifth of all annual property sales reportedly involving overseas buyers.
But investors need to move quickly if they are to pick up a bargain property in Cyprus - a 15 per cent VAT charge will be imposed on all land dealings from January 1st, 2008.
Related items
Documents and Reports
 |
Cyprus property investment report (373Kb) |
|
Cyprus country guide (766Kb) |
|
Cyprus property buying guide (979Kb) |
Recent articles
Flights set to boost European tourism
Cyprus attracts foreign property buyers
Cyprus currency changeover 'went smoothly'
Early Easter boosts Cyprus tourist numbers
Other related pages
Bookmark with: |
What are these? |
Innovative Investments
|
|||||||||||||||||||||||||||||||||||||||