Cyprus offers capital growth prospects

Article courtesy of n/a
As published by Ready to Invest
Date 2008

Overseas property investors could possibly get strong returns in Cyprus, a media outlet has advised.

The Mirror reported that house prices on the Mediterranean island have gone up by about 80% in the last five years.

According to the publication, this is very good value when compared with other countries in the vicinity, such as Spain and Italy.

This means that investors who have entered the market relatively early may be seeing considerable capital growth, thereby allowing them to make a profit if they sell up at some point in the future.

Paphos was highlighted as a particularly popular destination with British second home buyers from the UK, as it has both affordable property values and good transport links with Europe.

The Mirror commented: "It's accessible - just 20 minutes from the airport - and it has prices to suit most budgets.

This comes after the Telegraph predicted that house prices in Cyprus could rise as a result of its recent accession to the euro.

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