Released on = March 24, 2007, 6:17 am

Press Release Author = Jimwatson

Industry = Real Estate

Press Release Summary = British investors looking for property overseas may be
interested in looking at Cypriot acquisitions. The island is becoming increasingly
popular with Britons - both as a holiday resort, second home or for a buy-to-let
investment opportunity. British people reportedly make up the largest expatriate
community on the island.

Press Release Body = British investors looking for property overseas may be
interested in looking at Cypriot acquisitions. The island is becoming increasingly
popular with Britons - both as a holiday resort, second home or for a buy-to-let
investment opportunity. British people reportedly make up the largest expatriate
community on the island.

So what is it that proves so attractive to them? First, there are the familiarities.
Despite being located in the Mediterranean, Cypriot life bears some similarities to
life in the UK. The legal system, for instance, is largely based on the English
model and there is a similar method of land registry and conveyance in operation.

Cypriot people drive on the left hand side of the road the same as British drivers
do and most speak a good standard of English. The banking system is also based on
English methods and the currency is the (Cypriot) pound. In fact, aside from the
good weather and cheap cost of living, the British traveller could almost be
forgiven for thinking they had were in a home away from home.

Speaking of currency, Cyprus has recently joined the European Union (in 2004). It is
forecast to adopt the Euro as it\'s currency in 2008, which will help open it up
still further to the European holidaymaker. This in turn will serve the interests of
any investor who holds property to rent on the island. Foreign investors are
currently allowed to own only one property in Cyprus, but in 2009 this restriction
will be waived and unlimited property purchases can be made.

According to Jet-to-Let, a property investment magazine, there is even more good
news for buy-to-let investors in the shape of flight ticket statistics. These
apparently show that most visitors to the island are purchasing flights only, rather
than a hotel resort packages, meaning they are more likely to rent a property during
their stay.

Two airports in Cyprus are undergoing expansion and renovation. Paphos airport is
having a new passenger terminal added, which is due to be completed some time next
year and will allow it to handle around 2.7 million passengers per year. Larnaca
airport is also due to undergo a refurbishment and also serves an area popular with
tourists.

All in all then, when it comes to Cyprus it seems there is a sunny outlook for
tourism and plenty for the potential investor to think about!

Web Site = http://www.assetz.co.uk/

Contact Details = Assetz House, Newby Road, Stockport, Cheshire, SK7 5DA, 0845 400
7000, linkexchangeseo@gmail.com