The property market in Cyprus is incredibly buoyant. The North side of the island is benefiting from a massive influx of foreign investment aid which has boosted market confidence and increased property sales and values over 50% in 2 short years.
The South side of the island has seen a steady rise in already strong property prices ever since Cyprus joined the EU in 2004; and the entire island continues to be one of the most popular Mediterranean hotspots for property investors and those looking for a holiday home in the sun or a retirement home overseas.
Entry into the property market in Cyprus is however relatively expensive - after all buying property outright anywhere in the world is not a cheap undertaking! But thanks to an incredibly forward thinking, dynamic and successful global property investment company called Investors Provident, entry into the Cypriot market for investors just got simpler and more affordable!
Investors Provident have released the first in a series of planned overseas consortium investment funds in Cyprus. Now investors wishing to benefit from the strength of the Cypriot property market but unable or unwilling to purchase a property outright can invest in the fund from as little as £14,000 and benefit from the projected 60% - 80% returns.
The fund is based on consortium purchase of an apartment block in a brand new residential complex located close to Larnaca in South Cyprus. The development is easily accessible from Larnaca international airport, it is close to the beautiful Cypriot beaches, the stunning Mediterranean, the lively resort town of Larnaca - and possibly best of all it is right next to the latest European Golf Federation backed golf resort.
The golf resort is the first of its kind in Cyprus and the golf course itself is the first in the Larnaca area. The resort will feature everything from a first class hotel, bars, restaurants, an equestrian centre, a business centre, a retail centre, a spa as well as villas and apartments. The first consortium purchased property is easily accessible from the resort and comprises eight apartments. The lowest investment for entry into the fund is CYP£11,512, which is just under £14,000 sterling and the overall value of the underlying property is in excess of £800,000 sterling which offers investors incredible leveraging potential to enable them to benefit fully from the projected returns of between 60 and 80% over the next 15 - 18 months.
The Cyprus property investment fund has a tie in until September 2006 at which point there will be the first exit date for investors who wish to cash in at this point and benefit from further investment opportunities elsewhere. The low entry level, fantastic buoyancy of the Cypriot property market, the actual quality and value of the underlying asset together with the projected returns makes this property investment fund highly attractive.
