Property Investment News From Buy Into Cyprus

Cyprus Success Story
Thu 11th Dec 08 - 11:45

Morpheus Investments are specialists in Southern Cyprus property with a particular focus on the beautiful and historic Larnaca region.

Established in 1996, the Cheshire-based company is AIPP approved co-developers, with award-winning Hassapis PLC, of a range of exclusive Mediterranean-style villas and apartments in the Larnaca region.

So far they have sold well over one hundred properties, and there are currently several luxury apartments and villas that will be completed over the coming months. The developments are perfect for those wanting a secure investment and/or a holiday-home without compromising the qualities of local scenery, history and culture. All resorts are within easy reach of the islands proposed five-star hotel and the only PGA approved golf course and set among some of Cyprus’s most beautiful countryside and coastlines.

In terms of tourism, Cyprus is growing by approximately 7% per year and around half of the islands visitors come from the UK. The island enjoys 340 days of sunshine per year, nine months of good golf weather and the island’s quality of life is ranked amongst the highest in the world. These factors, coupled with the fact the average property price is lower than in France and Spain, are the main reasons behind its success in the UK.

Morpheus Investments’ sales figures support recent industry research showing that 3.8 million first time buyers are considering buying abroad, just to get on the UK property ladder. In recent months, Morpheus Investments has sold a number of its apartments located in Kiti, Southern Cyprus, to single first time buyers as well as groups of first time buyers pooling cash.

Louise Maudsley, sales consultant at Morpheus Investments, comments:

“First time buyers are adopting strategies more familiar with professional overseas property investors to beat the current credit crunch. They are quickly identifying booming property hot spots such as Southern Cyprus, buying off plan and are content with overseeing development progress.

“Cyprus is experiencing annual rises in property prices of around 15-20%. Furthermore, property saleability is strong and will remain so over the next decade due to limited land availability and new developments on the island such as the PGA managed Golf Resort and Spa close to our Kiti apartments.”

Morpheus Investments and their brand Buy Into Cyprus, both offer a wide range of luxury properties that include off plan and resale. If you would like more information, call today on 08000 751 777.

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