Released on: February 26, 2008, 8:24 am

Press Release Author: Jim watson

Industry: Real Estate

Press Release Summary: This year has already begun in momentous fashion for Cyprus
as it adopted the euro on New Year\'s Day.

Press Release Body: 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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