Cypriot authorities prepare for Infrastructure upgrades
Akis Kelepeshis, chairman of the Association of Cyprus Travel Agents (ACTA) has called for a series of wide-ranging infrastructure improvements and new facilities such as marinas, conference centers and casinos has to be created in the country.
He was quoted by the Financial Mirror the improvements will have a series of knock-on effects, as it will boost the desirability of the region to overseas property buyers. The government also has pledged to support infrastructure improvements in a bid to attract more foreign investment.
Overseas investors are advised to have a close look at the untapped regions left as big infrastructure projects are opening up the access to these areas through new airports, or good new railroad links. Property experts believe that the key to successful investing in Cyprus in the future will be all about local knowledge.
Les Calvert, director of overseas property firm Property Abroad has said the 360 days of sunshine and easy accessibility with direct flights from low-cost airlines such as Monarch has already made Cyprus property popular with overseas buyers. The hot summers and mild winters in Cyprus is a big draw for vacationers from Europe.
This comes after the Sunday Mail recommended Cyprus as one of the “hottest spots” to overseas property investment.
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