Cyprus Property to Bounce Back in the Near Future

Hartlepool, United Kingdom (PressExposure) April 06, 2009 -- Cyprus is still among the most popular destinations with overseas property buyers. Despite the negative press Cyprus is currently receiving, Property Index's recent figures showed Cyprus property as searched for more than Italy, Greece, and Egypt.

Several surveys this year have named Cyprus among the most popular, including the jet-to-let survey and portal Property Abroad's list of top-ten most searched for locations.

The failure of the negative stories to knock the popularity of the low priced high quality Cyprus properties would appear to show that people are apparently willing to look at bargains with increased focus on due-diligence to avoid bad experiences.

Cyprus has plenty of potential; tourism has risen massively in recent years, but has taken a severe knock because of the credit crunch. However, Cyprus is to become the site for a second Euro Disney and the government recently gave the go ahead for several new golf courses, both of which will undoubtedly boost the tourism industry massively.

In terms of properties on offer, bargains are certainly there for the taking: overseas property portal Property abroad are currently marketing 2 bedroom apartments in Famagusta with a 3 year 7% rental yield guarantee for £34,000. The Caesar Resort development is to be a fully equipped and luxury resort near several of the new golf course sites.

The portal is also advertising some excellent resale properties in Cyprus, including a 1 bedroom apartment in Kapparis, Paralimni for £44,000.

The portal has dozens more properties for sale in Cyprus, resale, off plan and throughout the most popular areas of Cyprus.

About Property Abroad

Property Abroad is rapidly growing into one of the best known, trusted and most successful overseas property portals in the U.K. With a slick dynamic site and very reasonable rates Property Abroad currently has among the most extensive worldwide property listings on the net.

To find out more contact the team at:

About Property Abroad LTD

Property Abroad LTD
182 York Road
TS26 9EA

Chief Marketing Analyst
Liam Bailey

Press Release Source:

Press Release Submitted On: March 31, 2009 at 7:36 am
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