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A five percent increase in home sales in Cyprus in 2010 has been noted by the Department of Land and Surveys. This is significantly better than 2009 in which sales fell a whopping 44 percent. The same survey reported that 8,598 properties were sold last year with the capital Nicosia bringing in a high 14 percent alone. Limassol, a southern  port city, brought about a 10 percent increase as well. Experts agree that the market will be stable in 2011 with no big increase or decrease expected. It is predicted that the latter half of the year may see more productivity. According to the Central Bank of Cyprus, home prices fell about 3 percent in 2010 compared to 2009. This drop caught the attention of property investors locally and abroad.
 
A recent survey by successful business owners reports that 44 percent of them believe that property investment is the best long-term investment people can make right now. With home prices falling and the abundance of foreclosures and short sales on the market, now is the time to consider that property investment. The equity that an owner can accumulate in a home will benefit them later in life, whether they simply want to resell the property, or continue to keep it as a rental for the long haul. Cyprus Association of Valuers and Property Consultants predict that the property market prices in 2011 will stabilize. The past couple of years the market has witnessed home prices decrease throughout the country so this prediction is good news for those who would like to purchase property in Cyprus.
 
If you're seeking a market with strong tourism rental potential, where there is also exceptionally strong interest in resale real estate and where the property market is built on strong and solid fundamentals, you could do far, far worse than considering buying investment property in Cyprus.  There are four very strong areas of the investment property marketplace that an investor can immediately tap into for potential