Cyprus property 'is a great investment'

Two holiday home buyers from Scotland have outlined the advantages of owning a property in Cyprus.

According to Ian and Cathy Rutherford, purchasing a house on the Mediterranean island has proved to be a "great investment".

Speaking to the Sunday Mail, they said this is because they have been able to rent it out during those times that it would otherwise be empty.

Furthermore, they stated that continuing increases in house prices in Cyprus means that the value of their new home is going up. .

Mrs Rutherford commented: "A similar apartment sold recently for about £20,000 more than we bought ours for, so it's a great investment too."

She added that as soon as they retire, they plan to spend far more time living in their Cypriot property.

This comes after the Independent said that Cyprus does not seem to have been negatively affected by the worldwide financial crisis.

According to the newspaper, this development represents a "convincing case" for the island's investment credentials.
 

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