Why You Should Pay Attention To Property For Sale In Cyprus

Why You Should Pay Attention To Property For Sale In Cyprus Why buy property in Cyprus? Why has there been so much interest in property in Cyprus in recent times? These are some of the questions being asked by the few property investors who have yet to discover this hot market. Amazingly Cyprus is midway between Dubai and the UK being just three and a half hours away from Dubai. When you add other factors like the wonderful, mild island climate, low crime rate and the fascinating history, you will begin to understand why Cyprus has been irresistible to many property investors. I recently used http://www.citrus-iberia.com/ to find some wonderful rentals in Cyprus. Cyprus joined the European Union (EU) on 1st May 2004. This single move transformed the already booming Cyprus property market and ushered in an even higher level of prosperity. The first thing that happened after Cyprus joined the EU was that the list of international property entrepreneurs looking to buy exploded, especially Britons who now have an automatic right to work on the island and social security and other benefits are transferable between Cyprus and their home country. Interestingly buying to let is a pretty good investment option in Cyprus and it is easy to make a purchase self-funding within a very short time, through rental payments. The fact that Cyprus is an increasingly popular tourist destination means that demand will remain high, pushing rentals and the value of your property higher and higher all the time. Many investors have had their portfolios performing poorly in other investment markets like the stock market where returns have been very low in recent times. This makes property investment in some of these emerging new markets extremely attractive and viable. More so because of the high potential rates of return that can be enjoyed over a very short period of time.