Can I just point out that one of the first replies to this thread got it horribly wrong. The property market has yet to crash, Brits are still buying on Cyprus and none of the island's three or four large developers have gone to the wall yet! I think Cyprus is a good place to invest - it is near to many markets other than the UK including much of the middle east including Israel as well as southern spain. It is also an incredibly tax-efficient place to live with a base tax rate of 5 per cent - the best in Europe, of which it is a member. Yes, it is overdeloped. yes, parts of Paphos are wildly over-priced and sensitive to the global downturn. And yes, some of the city suburbs are very ugly and concreted. But so far Cyprus has survived two years longer than the first poster predicted. Surely a reason for hope!
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