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Cyprus News
 
The new Marina in Larnaca will include a 1,000 berth marina, hotels, shops and restaurants ...
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Article taken from Cyprus Property Buyers Magazine
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Cyprus has held on to its top position for the second year running as the preferred property investment destination for 2009
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The $1trillion deal — equal to 700billion sterling and intended to bring the world out of recession next year — will see a huge injection of cash from rich countries into the International Monetary Fund. They will then offer one-off, no-strings-attached loans at super-low interest rates to emerging countries from eastern Europe, Africa and Asia. In turn, they will start buying Western exports, which will ensure the world’s economy will breathe again.
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Throughout February and March “Carnival” was celebrated in towns all over Cyprus, but especially in the city of Limassol.
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Cyprus has emerged as the country most of interest to investors looking to purchase property overseas.
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Etihad Airways will extend its network to 53 destinations when flights to Larnaca in Cyrpus launch this June, the airline announced on Monday.
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In line with recent high profile investments into the Cypriot infrastructure
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One of the EU’s smallest member states, Cyprus, was a rare case of a country shrugging off the gloom. In fact, price rises actually seemed to accelerate during the year. Its market may have been boosted by the prospect of joining the Euro and an associated influx of foreign investors.
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The Ministry of Commerce, Industry and Tourism has said that the marinas will help enhance maritime tourism, which will serve strategic goals for enriching the island’s tourist product and improving seasonality.
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Many people have recently become very interested in Cyprus as a potential property investment opportunity and who can blame them.
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If you are considering the purchase or sale of property in Cyprus then it is best to act straight away as prices are expected to rise within the next few months.
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"Cyprus continues to provide a solid, low-risk investment opportunity."
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There is a ray of property sunlight, though, and it's directed over Cyprus right now. Like Malta, the Cypriots embraced the Euro in January this year. Like Malta, it was already enjoying a property boom before the new money began rolling. The new currency has helped Cypriots sustain the good times.
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The development project is expected to start by the end of 2009, with the marina being finished within two years; it will take between six and seven years for the construction of the residential property areas to be completed.
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Mirkushova was arrested at the Ledra Palace checkpoint in Nicosia on November 18, along with a Latvian friend of hers, after customs officers discovered a contract of purchase for a property in occupied Lapithos.
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