Cyprus is a place where many buyers could find a bargain after recent property price falls of up to 40 per cent, it has been claimed. A Daily Mail feature on the island noted that the sort of residences that can now be acquired include a two-bedroom apartment in Paphos with a sea view for £81,000. Commenting on the way recent drops in value have cancelled out the rises of recent years, editor of Cyprus Property Magazine Nigel Howarth said prices are now back at 2004 levels. Those keen to invest in property at a bargain cost may find now is the ideal time to do so. Cypriot property could be in for a much-needed boost shortly with the arrival of new extensions to Larnaca airport, it has been suggested. Head of services of civil aviation at Larnaka International Androulla Christodoulou CNA News Agency that the economy and tourism will be boosted by the opening of the facilities next month, the Famagusta Gazette reported last week. |
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