Innovative property investments
Cyprus Property Investment News
Investors 'could cash in on Cyprus price rises'
Property values in Cyprus are likely to increase significantly during the next few years, according to experts.
The Foreign Property Buyer website predicted that the annual rate of house price inflation on the island would rise from 20 to 30 per cent as soon as it joined the EU.
Cyprus is set to become a full member in January next year, which has prompted the site to suggest that buyers get in early to enjoy greater capital appreciation.
Foreign Property Buyer said: "With Cyprus expected to join the EU, it is expected that property prices will start to dramatically increase."
The site added that this made it a "perfect time" for property investors to make a purchase, especially as demand was likely to outstrip supply.
According to property writer Mark Dale, Cyprus' good climate could make the island an ideal location for investors in rental accommodation.
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