Aim for booming ex-pat zones in Cyprus, says expert

Article Date : 02 May 2007

The property market in Cyprus is "booming", partly because of the island's popularity with ex-pats, an expert has said.

According to Les Calvert, director of real estate firm Property Abroad, Paphos, the main coastline, is proving popular with investors due to rising property prices, although there are some cheaper properties to be found further inland.

He said investors would do well to target area where there is a large ex-pat community in Cyprus, where prices are on the up.

"Cyprus is the sunshine isle: 360 days of sunshine a year. So for the last 12 to 18 months, we've had a surge on Cyprus, with all kinds of different properties," Mr Calvert said.

He said that the south of the country is particularly popular with ex-pats, because it is one of the most "British" parts of the island.

According to Investors Provident, north Cyprus is not only attracting tourists but Brits who are looking for a place to retire.

Aim for booming ex-pat zones in Cyprus, says expert

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