Cyprus ranks as property rental investment hot spot in 2007

19 December 2006

A leading holiday owner specialist company has recently carried out a survey of its customers and revealed that they are achieving an astonishing 6.3% annual return on their investment, when their property is being rented out for on average 18 weeks per year. This financial return makes Cyprus a leading rental investment hotspot for 2007.

The Brits are amongst the favourite overseas investors in this European haven, and true, it makes us feel comfortable investing our money where English is the second language so there are no language barriers when working through the legal aspects of the purchase. That coupled with the 340 days a year sunny, enticing golden beaches, unsurprisingly makes Cyprus an investment property dream.

It’s soon to be much anticipated membership to the Euro in 2008 gives this Island a head start for the overseas property investor, as well as the expected falling interest rates, it will provide you with a safe place to invest your money. Many of us are turning to this form of investment rather than what was once a guaranteed reward on a pension fund.

Cyprus has a reputation for loyalty and its visitors are often second or third time repeat customers making this not only a place in the sun but a guaranteed rental opportunity.

Property prices have risen some 30-40% in the last 3 years and that makes the average property price in Cyprus a wise investment for any age at any standing. There is a huge amount of ongoing tourist development and investment in the area including golf clubs, marinas and shopping which all feature amongst the cosmopolitan facilities to be found.

With the relatively low cost of living you cant fail to win.