Today Cyprus is a modern republic. On 1st May 2004, Cyprus was officially named as European Union member. With is excellent central location and booming economy and property market and famed Cypriot hospitality and culture, it is no wonder that Cyprus continues to attract the holiday makers and those seeking their very own new property under glorious Mediterranean sun. The weather is perfect year round and the cost of living is very low.
Cyprus has long been a favorite tourist and retirement destination. With the recent growth in the tourist industry due to increased facilities and an improved infrastructure, Cyprus is quickly taking on a new identity as a very sensible investment option within one of the fastest growing property markets in Europe. Buy-to-Let investment in Cyprus is viable due to the increase in demand for rental property. Among Cyprus amenities are its beauty, culture, extremely low crime rates and excellent year round weather.
Cyprus is developing in every sector. Cypriots are setting their sights on improved, superior homes and apartments and tourists seek out luxury hotel properties. Cyprus boasts having the best climate in Europe and because of this it has become a highly reputable location for investment property. Many international investors are seeking property in Cyprus because it is an easily accessible location between three continents: Europe, Africa and Asia. For this reason, buying property in Cyprus gives the owner three continents to rely on for income. This means you can get a better deal on investment property in Cyprus.