The Economic Stand and Great Potential of Cyprus
Some members claimed that Cyprus, particularly Southern Cyprus, is an excellent region for investment since its economy is currently growing. Certain areas that members recommended for investments are off plan properties in Famagusta, Derynia, Paralimni, Kapparis, Paphos, Protaras, and Larnaca. These properties only had a beginning estimated price of CYP 58,000. This is even without the disadvantage of paying sourcing fees.
Moreover, there was a proposal about a development that is supported by the UK and Cypriot. There was also a suggestion to attend invitation seminars held in London. The seminars are held every 6 weeks and it will tackle about the advantages and disadvantages of investing in this market. These seminars are also held in Manchester, Leeds, Liverpool and in Dublin.
Despite the positive remarks, there were issues stated by a few members. One member said though Southern Cyprus possesses the potential for being a good area of investment, Northern Cyprus still has major land issues. One reason for this is that it is not an independent state as of today. Moreover, there is a chance of ending up empty-handed once a property is bought and a unification solution has been settled. Continue reading ‘The Economic Stand and Great Potential of Cyprus’ »
