After its
succession to the EU, Cyprus
has set itself the goal of
joining the Euro Zone on the
1st January, 2008. By
replacing the Cyprus pound
with the Euro, Cyprus will
further enhance its
suitability as an
international business centre
which is likely to lead to
benefits in the Cyprus
property market as well as to
the economy as a whole. There
will no longer be
exchange
rate risks between countries
already in the Euro Zone and
there will no longer be any
bank-related costs for
prospective home buyers from
Euro Zone countries. Buyers
will be able to compare prices
more easily.
Dr. Stelios
Platis, Compiler of the
BuySell Real Estate Home Price
Index, which constitute the
only valid gauge of the Cyprus
housing market, comments, “The
adoption of the Euro in Cyprus
is an exciting progression.
The positive effects upon the
economy are likely to increase
demand in an already buoyant
market and therefore lead to
an increase in house prices.”
Litsa
Chrysostomou, Marketing
Manager at BuySell Real Estate
comments, “The property market
in Cyprus is established,
predictable and much less
volatile than other newer
markets. Furthermore, the
excellent internal and
international transport links
to the UK, Europe and other
destinations; the very low
crime rate; the high standard
of living balanced by the low
cost of living; tax benefits
(including low tax for
pensioners) and excellent
medical and educational
facilities make Cyprus a
popular destination.”
For those who
are considering purchasing a
second home in Cyprus, BuySell
Real Estate offers three-night
inspection trips which are an
excellent way to view the
island and potential
properties. BuySell Real
Estate tailors each visit to
meet the client’s specific
wishes. The inspection trips
are available from as little
as CYŁ49 (approx. UKŁ57) and
this includes return flights
from six major UK airports
(Heathrow, Gatwick, Luton,
Stanstead, Manchester,
Birmingham) accommodation for
three nights, airport
transfers in Cyprus,
transportation to and from all
properties and visits to
points of interest. All
clients are given a thorough
understanding of the financial
aspects of buying property in
Cyprus and have the option of
meeting independent legal and
financial advisor if this is
required. Finally, there is no
obligation to buy and no ‘hard
sell’.
For more
informationn:
info@buysellcyprus.com
Visit the Cyprus Property page
of our website:
Cyprus