Released on: April 14, 2008, 9:52 am

Press Release Author: Jim watson

Industry: Real Estate

Press Release Summary: Amidst the clouds of gloom that seem to be hanging over so
many of the world\'s property markets, it is always pleasing for investors to hear
that there are still plenty of rays of sunshine out there. On Cyprus, an island that
gets over 300 days of sun a year, there seems to be more of it than in most places.


Press Release Body: Amidst the clouds of gloom that seem to be hanging over so many
of the world\'s property markets, it is always pleasing for investors to hear that
there are still plenty of rays of sunshine out there. On Cyprus, an island that gets
over 300 days of sun a year, there seems to be more of it than in most places.

But while the weather is itself one of the attractions that draws people to this
Mediterranean island, along with its beaches, scenery, history and varied culture,
the state of the market is one of the most dazzling aspects of Cyprus now.

Home Move is one of the portals that has picked up on the boom that has been enjoyed
in the property industry, noting recently that the country saw a 12 per cent growth
in its market last year and is expected to see an eight per cent increase this year.
On this basis, if the credit crunch is having an effect, it is a limited one.

The site also noted that Cyprus is well equipped in terms of transport and
communications, plus the all-important airline access, which is crucial to the
tourist element as investors look at both the buy-to-let sector and indeed the
possibility that a property could be sold on at a tidy profit to a holiday maker who
enjoys the country enough to join Britain\'s established expatriate community on the
island.

Another factor Home Move noted was the role played by European Union membership and
latterly by the adoption of the euro as its official currency on January 1st this
year. It was also picked up on by Principal International in January, which
suggested this could continue to drive the market.

The euro, of course, provides economic stability, but the best currency in the world
may not make a country more attractive than its natural and cultural resources. It
is for this reason that tourism may remain the key to continued growth. Principal
International pointed this out this when spokesman Gary Clayton said: \"With the
rapidly expanding network of air traffic flowing much more frequently into Cyprus,
we would expect rapid growth and progress in the property market. Our investors are
keen to keep an eye on those locations where the low-cost carriers are opening up
new routes and Cyprus is definitely not proving to be a disappointment.\"

Such a combination should logically lead to more tourism, which in turn will further
grow the Cyprus buy-to-let holiday home market. Just to make sure, the Cyprus
Property Tourism Organisation has embarked on a new marketing campaign, reports
propertyshowrooms.com. This will feature tennis star Marcos Baghdatis and
concentrate heavily on the UK, which provided over a million visitors last year.

Therefore, not only is Cyprus offering growth, numerous attractions and good air
links, but it is taking nothing for granted as it seeks to continue growing its
economy, including in ways that may continue to boost the property investment
sector.

In today\'s world Property investment is an excellent investment option especially
investment in UK

Web Site: http://cyprus.assetz.co.uk

Contact Details: Address:Assetz House, Newby Road, Stockport,Cheshire

zip:SK7 5DA

ph:0845 400 7000

fax:0845 400 6010

email:linkexchangeseo@gmail.com