Inland Cyprus tipped for investors

Overseas property investors could be missing out on an opportunity by focusing on the traditional coastal areas of Cyprus and ignoring the potential ventures situated inland, according to Assetz.

Gradually rising prices of Cypriot property in the island's countryside and development potential are reportedly being overlooked.

Investors are traditionally more interested in the better known resort areas of Protaras and Ayia Napa.

However, according to Morpheus Investments, this trend is gradually starting to change, with overseas property investors slowly beginning to take advantage of the potential offered by the island's rural areas.

Dani Maxton, managing director of the investment company, told Easier.com that Cyprus offers investors the chance to get involved in the property market while also enjoying an island which retains its aesthetic appeal.

"[Investors] can rest assured that they can enjoy the best of Cyprus, while appreciating rises in property prices and lower risk of mass development spoiling their paradise location," she said.

The Cypriot property market is currently showing house price growth of around 20 per cent per annum, according to Assetz, with prices in rural areas still as low as £100,000.

Looking to buy property in Cyprus? Then keep up to date with the latest news and other information on homesgofast.com.

04/09/2006

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