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Cyprus is a full member of the EU as from May 2004 Opening tremendous opportunities for all EU members to invest in property and allow people to work, conduct businesses or set up local companies as restrictions have been lifted.
The procedure of buying a property is relatively simple compared to other EU countries.
Cyprus property prices are set to boom. With 70 million new EU citizens from 9 countries also having joined the EU in May 2004 and with an estimated 11 million British homeowners that have available equity in their homes to purchase abroad.
Consequently, the demand for property will increase prices by an expected 30% - 40% over the next 12 months and a further 30% the following year.
There has never been a time more favourable than now, to both own a home in the sun and make a increase capital.
Currently, Cyprus has relatively low property prices compared to those of Spain. Therefore, there is sufficient opportunity for prices to increase, making buying property in Cyprus an ideal investment
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