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Cyprus Tourism Trade Boosts Investment Prospects

Article Date : Tuesday, February 12, 2008       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

Demand for rental property in Cyprus is still high among tourists, recent comments have suggested.

Thomas Cook said the country was still an attractive option for many British holidaymakers, as it is "as popular as ever".

This means that owners of holiday property in Cyprus could be benefiting directly, as they can let out their homes to visitors and collect the proceeds of the rent.

Furthermore, it is likely that strong demand for tourist accommodation in popular areas could push up the prices of such residences.

As a result, the future sale price of the house could be much higher than the amount it was originally purchased for.

Thomas Cook added that the island offers "guaranteed sunshine", therefore allowing investors to earn money from rent all year round.

This could potentially make it a better investment option that markets with a more seasonal tourist trade.

Cyprus recently became a member of the euro - four years after it joined the European Union.
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