The Cyprus economy is booming, with the introduction of the Euro in January 2008 bringing an even wider wealth of benefits to the island’s enticing financial stage.
Tourism is a major contributor to the island’s economy, with visitors expected to reach some 3.5 million by 2010. Plans for 11 new golf resorts and several new marinas are aimed at raising the island’s upmarket image and furthering the year-round attractions, with property rental demand expected to rise accordingly.
The Cyprus property market is well established and robust, but at the same time offers property prices that are around 30% lower than other popular European destinations. The purchasing procedure is safe and easy, supported by reputable agents, lawyers and accountants.
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