Cyprus tourism trade tempts rental investors

Article Date : Friday, April 04, 2008

Property investors are increasingly choosing to snap up houses in popular Cypriot holiday resorts.

According to the Galway Advertiser, the Mediterranean island is attracting about 2.5 million foreign visitors every year.

This is helping to drive economic growth across Cyprus, which has in turn enhanced its appeal to prospective property buyers.

The newspaper said that investors from countries such as Ireland are showing a keen interest in the market and choosing to buy new developments in hotspots such as Paphos.

Since Cyprus offers good weather for 12 months of the year, this puts them in good stead to collect healthy rental returns.

Meanwhile, the country's expanding housing markets means investment properties are steadily increasing in value.

The Galway Advertiser commented: "The property market in Cyprus remains very strong and vibrant, offering excellent value with quality developments."

According to the Home Move website, property values in Cyprus are likely to go up by about eight per cent this year.

Related Articles

Let Us find Property in Cyprus for You

Fill out a requirements form and our experts will help you find a great selection of Properties for sale in Cyprus.

Help me find property in Cyprus

Subscribe to Our News Feed

Do you own or manage a real estate/property web site? You can publish Propertyshowrooms.com News on your website by using our RSS News Feed.

Media/Press Section

Are you a Press or Media professional? We have access to a wide and varied collection of data and statistics which may be of interest to you.

Journalists click here

List Your Property

Related Cyprus News

Cyprus attracts British property buyers
Cyprus is one of the most popular foreign destinations for British property buyers, an expert has revealed.

Pro...
Cypriot authorities praised for euro transition
Authorities in Cyprus have been praised for their handling of the recent change in currency.

The European commi...
Euro entry attracts investors to Cyprus
Cyprus has become more popular with foreign property buyers as a result of its recent currency changeover, analysts have...
Britons dominate Cyprus tourism
Official figures have revealed that Cyprus was a highly popular destination for British holidaymakers last month.
Cyprus weathers economic storm
Cyprus does not seem to have been negatively affected by the worldwide financial crisis, a newspaper has stated.

Property News Search

Property Bulletin - Subscribe