Cyprus as one of top summer property hotspots

Morocco, Dubai, Cyprus, Hungary and the Caribbean are set to be the top overseas summer hotspots for 2007.

According to Rightmove, Morocco is one of the fastest growing destinations for both holidaymakers and property investors. Flight bookings to Marrakech rose by 295 per cent in summer 2006 compared to the previous year, drawing visitors with its lush gardens, palm trees and vibrant souks.

Next on the list is Dubai, named by the firm as "the epitome of luxury and glamour" with some of the finest and most opulent properties in the world to be had. More international businesses are setting up base here and some ambitious tourist developments are underway, meaning there is no reason to think the state's time has passed.

Cyprus came in third due to its high quality of life and strong buy-to-let property returns, while Budapest was named due to its ornate properties, strong summer tourism and improving gastronomy.

Some "fantastic" buy-to-let returns which are attracting investors ensured that the Caribbean also got a mention.

However, Rightmove warned that a good investment hotspot might not automatically be somewhere that a buyer wants to live and that rental potential, growth potential and price should be considered when purchasing a property.Dubai was also named as a top ten overseas property location by foreign exchange specialist Currencies Direct in a recent report.

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