Released on: October 5, 2007, 8:14 am

Press Release Author: Jim watson

Industry: Real Estate

Press Release Summary: Those considering investing in property in Cyprus may not
need to do too much research to realise that the country is blessed with fine
weather, warm coastal waters and attractive beaches.

Press Release Body: Those considering a investing in property in Cyprus may not need
to do too much research to realise that the country is blessed with fine weather,
warm coastal waters and attractive beaches. A bit more research will establish that
it is an anglo-friendly country, with documents written in English, Commonwealth
membership and right-hand driving, as well as having a highly developed tourist
infrastructure and plenty of airports.

Best of all, Cyprus property expert and Cypriot resident Kevin Moore has written,
the returns on investments are good, particularly off-plan. \"There is a good chance
that it will increase in value before its even finished or you have paid off the
full amount of the purchase price,\" he stated in an article for PR-GB.com.

Mr Moore added that the investment can pay for itself through the \"huge rental
market\" that has emerged as a key feature of the growing Cypriot tourism industry.
\"This is a win- win situation for those who own Cyprus apartments and those looking
for private holiday accommodation too,\" he stated.

Cyprus is certainly attracting the tourists, with even Britain\'s tabloids
recommending it to people who might traditionally have headed for the Balearics or
the Costas. Writing in the People, Jon Wise wrote: \"With its stunning mountains,
hidden beaches and sunny climate, it\'s easy to see why millions of Brits fall in
love with the island,\" reported homesworldwide.co.uk last week. The advantages
listed were familiar: short flying times from the UK, plenty of heritage, culture
and nightlife, things for people of all ages and with different interests to do. In
other words, mass appeal.

With the tourist market strong, what Cyprus needs, of course, is for other aspects
of life there to be positive as well. The news on this front is good. Since joining
the European Union, the country has performed well economically, with the latest
Labour Force Survey showing that unemployment, with the exception of the under 25\'s,
is falling substantially, with the figures published today showing a national
joblessness rate in the second quarter of 2007 of 3.4 per cent, down from 4.8 per
cent in the previous quarter, the Financial Mirror reports today. This positive
economic news comes at a time when the country is gearing up for Eurozone entry,
which takes place on January 1st 2008.

In addition to a health economy, health at large is improving too, the Cyprus Mail
reports today. In the latest European Health Consumer Index, the country came 13th
out of 29 countries, up from 19th last year. This represented a better performance
than Britain, which finished 17th.

Thus Cyprus offers not just the tourist attractions and affordable investment
property; it also has a growing economy which suggests none of the boom is likely to
turn to bust soon, topped off with a health service which is ranked higher than
Britain\'s. All of which suggests that Cyprus offers a healthy investment indeed.

Web Site: http://www.assetz.co.uk/

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