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Property Investment News From Buy Into Cyprus

Sunny Outlook for Island Investors
Mon 15th Dec 08 - 11:46

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Risky financial investments, a stagnant property market and bad weather are all contributing to a surge in the number of brits gearing up to buy abroad.

A recent survey revealed eight million UK citizens now own overseas property. The number of Brits moving abroad has rocketed by 50% in the last 10 years.

Derek Hatton, director of Buy Into Cyprus, a property investment company specializing in Southern Cyprus, said: “We’ve noticed an increase in the number of people buying second homes in Cyprus as the housing market in the UK continues to slow.

“Many customers are telling us they would rater take their money out of the bank and invest in bricks.

“Cyprus is increasingly popular with those emigrating. The low crime rate, long dry summers and low cost of living, are just a few of the reasons why people choose this country.”

buyintocyprus.com part of the Morpheus Investment Group, Derek Hatton, Cyprus Property Specialists, Cyprus Property For Sale, Buy Property In Cyprus