The Cyprus property boom

-
The property investment boom in Cyprus is experiencing a sharp slowdown to let prices on the island achieve parity with equivalent property in Spain.
The sudden change has been revealed by a property survey in the Financial Mirror, Cyprus's leading business and finance newspaper.

Rather than exploring new and less stable markets however, the majority of property development seems to be returning to the traditional Costas.

Property investment is primarily leaking back towards Spain, suggesting that the strength of the economy and infrastructure is the most important factor in jet to let investment decisions rather than seeking out, low prices at any cost in less stable east European markets.

Full article.

Comments

Post a Comment

Popular posts from this blog

Never a Better Time to Buy Abroad

-
Image
Buying properties abroad can be nerve-wracking, especially in today’s economic climate. The fact that you will be dealing with a wholly different market from the UK, and you have little interaction or immersion with different areas, can make selecting and committing money to a property incredibly daunting. Now is the best time to start considering making an investment in holiday property though. The Great British Pound is slowly growing in strength against the Euro, in fact buyers can expect to buy 25% more Euros per pound than they could three years ago, when the exchange rate was almost equal. It means that you get a lot more for your money. This is coupled with a housing crash in many European countries. Spain in particular is a hotspot for those looking to purchase a holiday home. Due to the severe economic downturn in the country, house prices have plummeted, with some Spanish banks offering some properties discounted up to 70% against their 2008 price. Head of Savills ...
Read more

Got a Holiday Flat or House in London or Weymouth?

-
Image
If you have a Holiday flat or house in London, this could be the right moment to make some extra cash. With the Olympic Games starting the 27 th July and ending the 12 th august 2012, many visitors are looking for a place to stay. Especially if you are close to the Olympic Games complex (Stratford), this could be quite profitable. The overall market prices in London have already risen by 16% from 2011 to 2012 according to some Real Estate Agencies . House prices have risen by 1.4% since 2010  in almost all areas of England.
Read more