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Cyprus Property Investment News
Small coastal villages in Cyprus 'popular with investors'
People who are considering buying property in Cyprus are increasingly opting for small villages along the coastline, an expert has said.
According to property writer Kevin Moore, these villages are becoming highly sought-after because they are less heavily developed than major towns and cities.
However, they were said to have the advantages of being located close to major transport links such as motorways, making the large urban areas easily accessible.
Furthermore, he said that these areas also had properties that were much cheaper than in major conurbations, with some being up to 50 per cent cheaper.
Mr Moore commented: "As more and more property has been built in Cyprus close to the main resorts developers are starting to look further afield."
He added that the fast rate of development in Cyprus meant that the value of property in coastal villages could potentially rise by a significant amount in the next few years.
This comes after Cypriot newspaper the Financial Mirror published statistics showing that income from the island's tourist industry rose by more than three per cent in the year to June 2007.
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