Buy-to-let in Cyprus is a great bet
Derek Watkins of cyprus4investors said that Booming tourism in Cyprus and a reputation for attracting repeat visitors, a buy-to-let investment in Cyprus is still a great bet than that of emerging markets such as Bulgaria because Cyprus is a natural market.
Cyprus has long since been a popular holiday destination for British tourists, possibly because the Mediterranean island has the required ‘Englishness’. English is widely spoken in Cyprus and for the budding property investor; the land registry system is more or less similar to UK and Cypriots even drive on the left side of the road. He further said that over 300 days of sunshine a year and 600 km of coastline lured the Brits over the years and they have flocked to the island for both business and pleasure. Living in Cyprus is more comfortable for British as it is a natural market.
Cyprus is offering higher gains and also offers more stability than emerging hotspots like Bulgaria, according to the property experts. The number of properties listed in Cyprus has increased by more than 40 per cent since 2006 and a massive 240 per cent since 2005.
This comes after the news that low-cost airline Monarch became first low fares airlines to fly flights between UK and Cyprus as the airline expands its network to the Eastern Mediterranean which was earlier dominated by the flag carriers and charter services.
Dani Maxton, Morpheus Investments managing director commented that Cyprus looks set to become an even more popular tourist destination and introduction of low fare flights will open up the island to more potential second-home buyers.
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