Released on = July 3, 2007, 11:23 am

Press Release Author = Jimwatson

Industry = Real Estate

Press Release Summary = Cyprus is one of the favourite holiday destinations for
British people of all ages and backgrounds.

Press Release Body = Cyprus is one of the favourite holiday destinations for British
people of all ages and backgrounds.

Its location in the heart of the Mediterranean makes it an almost guaranteed sun
spot and the island offers a unique mix of heritage, nightlife and lazy sunbathing,
so there is something for all the family and to suit every pocket.

The fact that Cyprus enjoys such popularity with holidaymakers has not gone
unnoticed by investors. Property buyers are flooding the island with money,
according to recent reports.

Simon Tweddle, spokesman for Property Secrets, an independent property market
analyst, said: \"I think there\'s quite a lot of interest in Cyprus . quite a few UK
property companies are starting to get a bigger interest in Cyprus.\"

He added: \"They\'re marketing Cyprus as an investment destination. I think that alone
will have an effect on prices\". This could spell good news for investors looking to
make a purchase on the island as they may be able to acquire a property at a better
price than they could have done previously.

Cypriot property prices have shown an upward trend over the past year ahead of a
land tax that is due to be increased in a few months. Coupled with a lack of supply
of housing stock, prices had been increasing \"quite a lot - probably 20 to 25 per
cent\".

If the increased amount of investment heading towards the island serves to lower
prices, that will spell good news for British investors, who may also to benefit
from the strength of sterling at present.

Mr Tweddle advised people thinking of buying a Cypriot property to make a move as
soon as possible as \"there\'s quite a shortage of supply, because it\'s a small
island. there\'s not that much land anyway in Cyprus\".

Budget airlines have also proved to be good news for the investor with a Cypriot
presence in their portfolio.

Panos Englezos, chairman of the Cyprus Tourism Organisation (CTO), acknowledged this
with the recent announcement that he will seek to increase the number of budget
carriers that have routes to the island.

Tourism is a significant contributor to the Cypriot economy, bringing in more than
£1.3 billion a year, accounting for around 15 per cent of the island\'s GDP. Mr
Englezos said new budget airline routes have already resulted in a \"significant
increase of arrivals from Greece, Russia and Scandanavia\".


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

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