Recent Changes noticed in the Real Estate Market of Cyprus
After the partition of 1974, the Cyprus Island has become the favorite destination of most of the tourist as it has grasped the attention of many land purchasers. This was originally seen after the important announcement that the country will soon join the European Union. This news helped the Cyprus Real estate dealers to have more purchasers and this automatically make the price of the properties hike. No, doubt that Cyprus is the best destination for making investments especially for the UK and Irish investors because it is a place where one can take a deep breath of calm and can feel the pleasure of true home.
Best Points which attract investors in investing in the Cyprus Island
The beautiful beaches, warm climate, great tax benefits, sedate lifestyle and countryside had made the Cyprus a unique choice of all the investors. It has been concluded that the preference to European mainland and the budget carriers, attracting tourists and investors from UK and Europe as it is in the budget of the purchasers and they can also easily commute as direct flights to this Island are also available. But it is also noticeable that it is very costly as compare to other islands in the holidays and vacations.
The competitive prices and the cheap cost of living as compared to other destinations have made the Cyprus a unique place and first choice of almost all the investors. It has noticed that the growth rate in this Island is increasing at a rate of 20% per annum.
Cyprus has included in the European Union since 2004, which shows that it offers all the economic benefits and financial assistance of EU. The IMF and European commission have also certified that Cyprus is a stable economy where you can invest with free mind.
Changes in Real Estate Market of Cyprus
During past few years, Cyprus has come up with tremendous changes in building style, trends and in many financing options. Since now the Cyprus has successfully caught the interest of many British investors, most of the Bruisers are taking Cyprus not only a perfect place of residence but also a good place of making investments. But now it has become successful in grasping the attention of other people also.
Many psychiatrists give their reviews that Cyprus is the best Island as compare to other Mediterranean and provide high-quality of living. It has also been concluded that it will show considerable growth regarding the Cyprus Real Estate property values in next few years.
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