Cyprus Investors Advised to Look at New Regions

Property investors may be missing out on an opportunity on the Mediterranean island of Cyprus by only considering the traditional coastal areas…

According to Assetz, people considering property in Cyprus traditionally look at coastal regions like Ayia Napa and Protaras and ignore some of the more rural locations situated inland.

Property that is located in the countryside could actually offer more to investors in terms of development opportunities and healthy property prices, Assetz claims.

Another benefit of the island's rural areas is that they are guaranteed to remain untouched, as they are protected by regulations which prevent any large-scale residential developments from taking place.

Dani Maxton of Morpheus Investments told Easier.com:

"Development in southern Cyprus is stringently controlled so that the island's landscape and scenery is preserved. This is great news for people looking to buy on the island."

Rental returns from property in Cyprus are currently around eight to 12 per cent on current prices. House price growth was measured at 20 per cent per year earlier this month.