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Cyprus - An Investor's Paradise
North Cyprus is an island full of historical culture and beholds a unique beauty and has become very popular with holidaymakers from all over Europe. With sunny days exceeding 300 per year and offering loads of sandy beaches right along its coastline, it isn't hard to see just why so many tourists have fallen in love with North Cyprus.
Prominent holiday home investment markets such as North Cyprus produce high return benefits of approximately 4-5% per year for the coming ten years. This sort of revenue returns are set to stay for the foreseeable future, meaning North Cyprus will retain a stable economy and growth will continue in positive territory.
Whilst Cyprus has been popular with property investors for a number of years, the level of interest in developments on the island have increased in recent times. Attracted by a variety of different factors including favourable tax conditions, high standards of living and a strong tourism industry, property investors are not only looking on Cyprus favorably, they are seeing it as one of Europe's premier investment opportunities at present.
Apart from an increase in North Cyprus as a leading tourist resort, there are also other factors that in recent times have lead to more favourable holiday home investment opportunities. Without a doubt the membership of Cyprus into the European Union has resulted in an increase in trade with it's European partners, a thriving economy, a higher standing of living, lower taxation and a better legal system have all played their part in promoting holiday home investments within North Cyprus.
As well as the monetary reasons for investing, the potential reunification of the island will offer considerable investment opportunities, especially in the Turkish controlled north where property is still considerably cheaper than in the Greek controlled south. Talks are at present on-going regarding potential re-unification, and whilst they are still at an early stage, it has resulted in a keener focus on political events in Cyprus.
Already there are an increasing number of high quality projects being developed throughout the north of the island, and destinations including Catalkoy and Bogaz are already proving popular investment choices. Should re-unification be confirmed, this development process is likely to gather pace considerably, with prices in the north increasing to equal levels currently found throughout the south of the island.
As things begin to get complicated due to the global financial crisis, investors have tough decisions to make regarding objectives and returns, but Cyprus is without a doubt a property investors paradise. Mark Burns, who works for Offplanworld.tv, a real estate company based in the UK that specializes in off-plan investment property throughout the world's emerging markets, offers a whole range of off-plan property on the island of Cyprus.
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