Business & Finance Investing & Financial Markets

Cyprus - An Investor"s Paradise

Cyprus is an island rich in historical culture and a unique beauty and Cyprus has become extremely popular amongst holidaymakers from all over the world.
With over 300 days of sunshine per year and offering many superb beaches spread along its coastline, it isn't difficult to see just why so many people have grown to love Cyprus.
Such prominent property investment markets like Cyprus reap high return benefits of around 4-5 percent per year for the coming ten years.
This type of revenue returns seem set to carry on for the foreseeable future, meaning Cyprus will retain a stable economy and growth will continue in the right direction.
Although Cyprus has been popular with holiday home investors for quite a few years now, the rise in developments on the island has also increased, keeping up with the high demand.
There a whole range of deciding factors that have made all of this possible including favourable tax conditions, a high standard of living and a very healthy tourist industry.
Today's property investors are not just seeing Cyprus as favorable choice, but also as one of Europe's top property investment region.
Apart from the increasing demand for tourism in Cyprus, there are many other factors that have come together in recent times leading to more favorable property investment opportunities.
Primarily it's membership into the European Union, it's resulting increase in trade, a thriving economy, higher standards of living, reduced taxation and an improved legal system have all done their bit to promote property investment in Cyprus.
Further more with the potential reunification of the North and South of the island, even more property investment opportunities will come about, as property prices in the Turkish North are a lot more cheaper than in the south of the island.
On-going talks should lead to a future re-unification of Cyprus, so potential property investors should keep an eye on the unfolding political events in Cyprus.
High quality projects being developed throughout the north of the island are already on the rise with destinations such as Catalkoy and Bogaz, which have already become an immediate success.
Once re-unification is confirmed, such development processes are likely to grow fast as everyone knows that prices in the north will rise to those prices found on the south of Cyprus As things begin to get complicated due to the global financial crisis, investors have tough decisions to make regarding objectives and returns, but Cyprus is without a doubt a property investors paradise.
Mark Burns, who works for Off Planworld TV, a real estate company based in the UK that specializes in off-plan investment property throughout the world's emerging markets, offers a whole range of off-plan property on the island of Cyprus.
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