Filed Under (Real Estate) by Tim Martins on June-30-2008
by Tim Martins

If you have reached the stage that you are looking into property investment, buying a holiday villa or just looking at somewhere new to set up, then you should definitely consider the option of Cyprus as it has become an ideal location for property investment and will carry on being so for many years to come. Recently Cyprus was made a full member of the EU and it’s economic growth hasn’t stopped since causing it to become a very popular place to live. So much so that the foreign resident population has reached new highs as more and more people are choosing Cyprus to start a new life. As things stand at the moment you really can’t go wrong as far as property investment is concerned and your lifestyle will change for the better too.

Cyprus is a very rich country in natural resources down to its perfect location and excellent all year round climate. Excellent progress has also been made in communications, transport and trade due to it’s new relationship with the EU, which provides Cyprus with 50% of it’s trade. This is boosted up with the nearly 3 million European tourists that visit Cyprus every year. Cyprus is geographically located close to Africa and the Middle East which turns it into a very unique country for property investment.

Real Estate in Cyprus has been increasing in value over recent years and experts predict that this growth will increase. As more and more houses are constructed, demand is still greater than supply. If you have been considering purchasing property in Cyprus then now is the ideal time to do it: before prices begin to rise steeply. Many property investors have regretted not taking similar opportunities in Spain when the property boom began so do not miss out on the exciting opportunities in Cyprus.

Fortunately, for interested Cyprus property investors, there are a large number of houses and villas all over the island from which to choose. In fact, the choice can sometimes be overwhelming, and, since there are literally hundreds of real estate agents as well as developers in Cyprus, it’s important that you get a handle on the real estate situation there before you begin your search.

Cyprus is also an ideal location due to the fact that the locals all speak English, so you can happily get by in your own language. You will also be supported by English speaking solicitors so you will always understand exactly what you are signing. If your are from the UK then you will also feel at home as their legal system is almost the same and something else of interest, they drive on the left hand side of the road.

There are two big differences though for non-residents in Cyprus, the first being that you are only entitled to own one property although changes to this rule are in the pipeline. The second is that the final title deeds can take up to five years before you receive them although this would not be a reason to set you back from selling on the property before they are ready. If you need more information on property investment in Cyprus then take a look at the blog at cyprusinformer.com and you will find everything you need.

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