It is predicted that the Cypriot pound’s replacement with the Euro in 2007 will stimulate a 50% rise in property prices so now is an excellent time to jump on the investment property ladder in Cyprus.
Market prices are driven by high foreign as well as domestic demand. As this is a small country, restrictions on housing supply will always keep demand for investment property relatively high.
Tourist visits are expected to double in the next two years and surveys have shown that the demand for foreign investment property follows holiday patterns.
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