Cyprus looks set to become even more popular among those looking to retire to the sun this year, according to a new report. Rightmove Overseas named the island as one of its top ten summer hotspots, because of the quality of life it offers to retirees.
The firm, which has approximately 3,000 Cypriot properties listed currently, anticipates that the country will become even more appealing to investors seeking property abroad ahead of its adoption of the euro in January 2008.
A relatively low cost of living, Mediterranean climate and increasing rental demand make Cyprus a good investment location this summer, according to the report, whether for full-time emigration or to rent for some of the year."
A buy-to-let investment in Cyprus is still a great venture," Justin Figgins from Rightmove said. "With tourism booming and the reputation Cyprus has for attracting repeat and loyal visitors, rental demand continues to outstrip supply."Pierre Williams of Inside Track commented that Cyprus is likely to become more popular among retirees avoiding traditional western European property markets, as the infrastructures and services in eastern European nations improves.
"As far as eastern Europe is concerned, Cyprus is the number one spot for Brit retirees," he said. Also featuring in the top ten and tipped to be a popular investment location for retirees looking for a home off the beaten track is Morocco.
"Flight fares to Morocco have dropped dramatically" Mr Figgins commented. "This makes the destination a more attractive investment prospect for those looking to cast their nets further a field."
For more news on Cyprus Properties please visithttp://www.cyprus-online.com/buy-sell/cyprus-news.html.
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