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property abroad in cyprus is a good investment

News Posted On: 27 March 2009

Property abroad in Cyprus has good investment potential because of a number of leisure facilities on the island, it has been claimed.

Paul Fields, sales manager at Atlas International, noted that there have been a number of developments in the country, such as "new golf courses, marinas and theme parks".

He accepted that there has been a decrease in tourist numbers recently and attributed this to an increase in the cost of flights and currency rates.

However, he remained upbeat about the prospects for the Mediterranean nation.

"Once the summer arrives and people start holidaying again, people will again start to fall in love with the island," Mr Fields commented.

Earlier this month, the Statistical Service of the Republic of Cyprus revealed that revenue from tourism reached €36.3 million (£33.7 million) in February 2009.

For the first two months of 2009, income from leisure travellers is expected to be €67.5 million in the country.

Written by Matthew Bonner

Property Abroad - for your overseas mortgages, buyers guides and the latest news on buying property in CyprusADNFCR-1810-ID-19095004-ADNFCR

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