Nicosia property paints attractive picture
Overseas investors have been advised to consider Nicosia as a prime spot for property investment by an overseas estate expert.
Martin Pearce, UK sales manager for Aristo Developers, has told the Liverpool Echo that the area is a favourite spot with overseas property buyers from the UK in particular. Commenting on the location, he has highlighted a number of characteristics and features which has earned Nicosia the popularity it now enjoys. He added that the housing market has seen considerable growth in recent times,due to the city’s developing significance as a financial and business hub and in turn leading to “increased monthly rental rates”.
Rental investors in Nicosia are continuing to see demand from incoming leisure travellers.Due to the city’s developing and advancing international reputation, it is likely to attract visitors for a longer period of time, which will result in rental accommodation being in continuous demand. Therefore, buying a property in Nicosia could be far more lucrative than investing in a region with a more seasonal tourist trade.
Meanwhile, Lousie Hoade, director of Principal International said that Cyprus is one of only three countries in the world dealing with the credit crunch well and remains a good choice for foreign investors.
Popularity: 27% [?]
