Innovative property investments
Cyprus Property Investment News
New transport links developed in Cyprus
New transport links are being developed in Cyprus in order to attract overseas property investors, according to a report.
UK newspaper the Times stated that authorities were investing in a series of improvements to the road network, as well as two new airports.
This should improve the accessibility of major towns and cities to people in other countries, potentially making Cyprus a more attractive location for tourists and foreign investors.
The publication added that new leisure facilities such as golf courses were also being created as part of the strategy to attract more buyers from overseas.
Cyprus is already experiencing an increase in house prices, partly due to its forthcoming entry into the single European currency.
"Property prices have been rising steadily in the run-up to the euro," the newspaper said, adding that this was further boosting its appeal among foreign investors.
The Foreign Property Buyer website recently 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 euro.
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