Explore amazing properties in Cyprus

The third largest island in the Mediterranean with an area of 9,251 square kilometres - Cyprus encompasses citrus and olive groves, pine-forested mountains, and some of Europe's cleanest beaches. An island of great scenic beauty, with its intriguing history and mythological wonders, Cyprus is a country with characters and traditions all of its own.

The climate on Cyprus is typically Mediterranean, with long dry summers and short, rainy winters. The average annual temperature is 19°C, but in summer, it can reach over 40°C. Cyprus boasts an average of 340 days of sunshine a year, making it a prime holiday destination all year round.

The capital of the country, Nicosia, lies at the centre and is the administrative post and the seat of government. Limassol lies on the south coast of Cyprus and is the country's second largest city. Lanarca in the south east is one of the oldest cities in the world, but also has a modern tourist centre with good shopping facilities. The tourist capital of Cyprus with mild climate and beautiful countryside, Paphos has attracted visitors to this south-western coastal town throughout history.

The property market in Cyprus has boomed in the last three years, and is set to continue as the country realises the fruits of joining the EU. Becoming increasingly popular with Brits after Spain and France, properties here offer excellent value for money. An average two bedroom apartment in Paphos costs CYP£65,000 (£77,000), and a two bedroom holiday villa will set you back CYP£130,000 (£154,000). Limassol is relatively cheaper with two bedroom apartments averaging CYP£55,000 (£65,000), and two bedroom holiday villas from CYP£110,000 (£130,500).

Investors Provident specialise in offering off-plan investment opportunities in Cyprus, and have a number of developments in various regions of the country. Prices start from only £30,000 for beach facing studio apartments in areas like Coral Bay and Peyia. These apartments are designed to high specification and offer excellent capital growth and rental opportunities.

Investors Provident has also put in place a unique investment package for those wanting to sell their property on before completion. Purchasers need to put down a 30 deposit to secure their property initially. On a studio apartment, this equates to around £10,000. Since property prices in Cyprus are appreciating at a steady rate every year, investors can their put their property back on the market in about 14-16 months time at the prevailing market value (This generally tends to be around 20 to 30 over the initial purchase price).

This is done through exclusive arrangements made with Cypriot agents, who work with Investors Provident to resell the properties on the open market. Once sold, investors can potentially achieve returns of over 50 on their initial investment in under a year and a half’s time.

For those wanting to hold on to their properties as a buy to let investment, Investors Provident can arrange mortgages of up to 70 of the purchase price, and can also assist with rentals and lettings management. Gross rental yields in Cyprus currently stand at 7 to 10, thus making it an attractive "buy to sell" and "buy to let" destination.

With property prices steadily rising and the strong Pound currency against the Euro, Cyprus is one destination that will offer investors the chance to achieve excellent capital returns on their investment. Wait, and lose out at your own peril!