by: Glenn Ford

Why buy property in Cyprus? Why has there been so much interest in property in

Cyprus in recent times? These are some of the questions being asked by the few

property investors who have yet to discover this hot market.

Amazingly Cyprus is midway between Dubai and the

UK being just three and a half hours away from Dubai.

When you add other factors like the wonderful, mild island climate, low crime rate

and the fascinating history, you will begin to understand why Cyprus has been

irresistible to many property investors. I recently used http://www.citrus-iberia.com/ to find some wonderful rentals in Cyprus.

Cyprus joined the European Union (EU) on 1st May 2004. This single move transformed

the already booming Cyprus property market and ushered in an even higher level of

prosperity. The first thing that happened after Cyprus joined the EU was that the

list of international property entrepreneurs looking to buy exploded, especially

Britons who now have an automatic right to work on the island and social security

and other benefits are transferable between Cyprus and their home country.

Interestingly buying to let is a pretty good investment option in Cyprus and it is

easy to make a purchase self-funding within a very short time, through rental

payments. The fact that Cyprus is an increasingly popular tourist destination means

that demand will remain high, pushing rentals and the value of your property higher

and higher all the time.

Many investors have had their portfolios performing poorly in other investment

markets like the stock market where returns have been very low in recent times. This

makes property investment in some of these emerging new markets extremely attractive

and viable. More so because of the high potential rates of return that can be

enjoyed over a very short period of time.