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Cyprus - a first class Mediterranean destination of choice

Cyprus picked as top travel destination - more details here.

Cyprus – one of the world's most popular tourist destinations islocated in the hot and sunny Mediterranean. Cyprus was the site of early Phoenician and Greek colonies. For centuries its rule passed through many hands. It fell to the Turks in 1571, and a large Turkish colony settled on the island.

Cyprus is the third largest island in the Mediterranean Sea. Cyprus sits at a crossroads between Europe, Western Asia, and Northern Africa. It is for this reason that Greek, Anatolian, Levantine and British influences have all played their part in the Cypriot culture.

The climate of Cyprus is mainly temperate and Mediterranean. The summers are dry with temperatures warm at high elevations (for example, in the Troödos Mountains) to very hot in the lowlands. Winters are generally rainy with mild temperatures at low elevations and cold temperatures accompanied by snow in the mountains.

Buying a Property in Cyprus is of high interest to investors and those wishing to settle there as the appeal of the island remains long set in the minds of those who visit. Expatriates or those who are seeking an ideal location to retire or spend part of the year in a Mediterranen climate are viewing Cyprus’ older, more established appeal very attractive. The Cypriot financial and real estate outlook remains firm and solid long term. It is estimated that the number of Europeans choosing to relocate to Cyprus shores is up and this trend seems to show no signs of slowing down near term.

With more than 2 million visitors a year and the fact that Cyprus is a stunningly beautiful Mediterranean islandthis is now one of Europe’s most popular tourist destinations with many who visit deciding to return for good at some point due to their warm experiences.

Cyprus has the lure of year-round sun, sea and sand and the appeal of the many picturesque towns and villages which translates well for rental fees and rental demand year-round. And even beyond the beaches visitors come to Cyprus for water sports, for history, culture, cuisine and a quieter pace of life and if an investor knows which market to tap in to they can do very well in the form of rental yields annually.

While Cyprus is not the only destination on the Mediterranean by any means, it remains a strong choice for long term property investment interest. With major financial institutions pleased with its performance, the outlook is bright and sunny for Cyprus!