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Open door to Cyprus

Written by Jim Barnaby

Saturday, 23 February 2008

This year has already begun in momentous fashion for Cyprus as it adopted the euro on New Year's Day. It might get even more interesting too, as a change of presidency is in the offing after current incumbent Tassos Papadopoulos was knocked out in the first round of voting, an event which has led to speculation today that a less hardline Greek Cypriot may replace him, opening up hopes of reunifying the Turkish Cypriot north with the rest of the island. As the two remaining candidates, Ioannis Kassoulides and Demetris Christofias, have both called for talks on the issue, this will be a fresh item on the agenda.
However much these momentous events may boost the nation as a whole, the country is already enjoying the fruits of a property boom and has been for years. But any suggestion that it is resting on its laurels may be wide of the mark. In the last few days Gulf Times reported that CYPRUS Island Homes and developer ONI and Co have announced jointly that their third Cyprus Property exhibition will be held next week in Doha. It is not just the British who are being attracted to the Mediterranean island.
Of course, buyers may find many reasons for investing in Cyprus property on the island. A large holiday market for buy-to-let and rising prices over recent years are two of them. Snow may be another, for though its southern latitudes may offer plenty in the way of sun, sand and sea all the year round, it also offers ski areas which are an additional element to a wide variety of tourist attractions.
Just to prove such things are true, the Famagusta Gazette reported today that 15 centimetres of snow fell in Troodos, while up on Mount Olympus 30 centimetres were recorded.
Writing about Mount Olympus, the highest point on the island, travel writer Mark Moxon noted that the mountain has four pistes and three ski lifts. While stating that "Nobody comes to Cyprus specifically to ski", the activity was a fun one and well worth doing when it did snow. Based on this, investors may find the best bet is to find a place in range of the ski slopes but still fairly close to the sea. Given the size of the island, of course, this should not be hard.
While Cypriots check their new-look change and consider their voting options for the presidency - not to mention the future which may follow - those involved in investing in Cyprus may simply keep on doing what they always have. They will look for the best new opportunities on an island where the last few years have seen a boom in property and new possibilities may continue to arise.
In today's world Property investment is an excellent investment option especially investment in UK

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About The Author:

Jim Barnaby is a real estate investment broker and successful property investment adviser delivering research and selected UK and overseas property investment solutions with experience in spanish properties, french property investment, German property, Cyprus holiday homes, Property in Cape Verde, German property investment, cape verde property buy to let property

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