Cyprus tops list in rental property investment
A survey conducted by www.holiday-rentals.co.uk has discovered that property owners have enjoyed a remarkable 6.3 per cent return on their investment in Cypriot property on 18-weeks per year rental. This has made Cyprus a leading rental investment hotspot for 2007.
Cyprus has long been a popular holiday destination for British tourists. English is widely spoken on this ex- British colony. The land registry system is similar to Britain which makes easier for property investors. These familiarities and 300 days of sunshine a year, attractive coastline and golf courses are clear enticements for the British to continue to flock to the island for both business and bliss.
Cyprus offers a strong property market, reaping the rewards of a stable economy. The adoption of the Euro in January 2008 as well as the estimated falling interest rates will provide property investors with a secure environment to invest their money. The huge influx of tourists, per capita tourist expenditure, period of stay and repeated visits makes Cyprus not only a place in the sun but a surefire rental opportunity.
The growth of capital investment in Cyprus is enormous with the value of property had increased between 30-40 per cent in the past few years. With booming tourism and a reputation for attracting repeat tourists, a buy-to-let investment in Cyprus is a great opportunity as rental demand continues to outstrip supply.
Popularity: 24% [?]
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