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Cyprus is a beautiful country, popular with people from all around the world and is becoming ever more desirable to off plan investors as the country becomes easier to travel in and around. With hopes for a positive future and the knock on effect it would likely have on the economy, the draw of high returns on investments should encourage any budding financier to put their money into Cyprus. Whilst these returns are by no means guaranteed, the positive outlook held by many is certainly a good sign for the future, with property prices expected to grow by around 20 percent each year. Nicosia is an ideal area for long-term investments and lettings, with property prices in the capital higher than in other areas, though still comparatively lower than those in other Western European countries. Property in tourist hot spots like Pafos also comes at a higher cost, and these areas are more suited to holiday rental homes than pure investments. The North of the country is open to foreign investments, but a number of professionals advise against obtaining property in the region – for now, at least. In future this is sure to change. Property prices in Cyprus are very low when compared to Western Europe, and the cost of living is equally cheap – all this adds up to a country that should be on the list of any potential off plan buyer. With a growing tourist market, ever-increasing numbers of property developers and a wonderful country to base it all in, as well as low prices and a good standard of living, Cyprus is one to keep an eye on
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