Cypriots drive on the left, use pounds and just about every pub from the Nags Head to the Waterloo Inn screens Premiership games. So it’s hardly surprising that nearly one in 10 “locals” is a British expat. The community has grown fast since Cyprus joined the EU in May 2004, making it easier to live and work there. And most Cypriots speak English. There’s a cricket green in the very middle England-sounding Happy Valley and the Cyprus team is campaigning to have the game recognised as a national sport.
MARKET TIPS: Next year’s switch to the euro is expected to further boost an already stable property market. Low taxes for pensioners make it a good buy for retired investors.
To view Cyprus Properties please click www.cyprus4properties.com
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On January 25 2009 the influential Global Property Guide published reassessed Country investment ratings for 73 locations around the world. Their investment tables show gross rental yields and long term investment ratings.
At the top of the list is Chisinau in Moldova with a “Spectacular” gross rental yield of 14.17% and a long term investment rating of 3 stars.
Languishing near the bottom of the list at position 69 out of 73 is Limassol in Cyprus with a “Very Poor” gross rental yield of 3.45% and a long term investment rating of 1 star.
Larnaca Properties
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