30/05/07 - A Healthy Future in Cyprus

An accord signed earlier in April will see hospitals twinned and experts working together on potential issues such as bird flu, reported local publication the Financial Mirror.

This will help to solve a few problems afflicting the country's health service, which in turn will be good news for investors buying properties with a view to retiring on the sun-kissed isle.

Cypriot Health Minister Haris Charalambous commented: "It will be a chance to bring together distinguished Greek and Cypriot scientists ... we will offer everything possible to our citizens".

More forward thinking initiatives on the way

This is the second piece of business Cyprus has undertaken recently to open its arms to other countries, with the formation of a new committee to aid the integration of immigrants into the country.

This move, which many be beneficial to overseas buyers retiring in Cyprus or buy to let investors, was decided after discussions between the Government and non-Governmental organisations, according to the Financial Mirror.

Confidence high for the future

The Telegraph recently reported that Cyprus is currently in a state of transition, with a number of major political and economic changes afoot to bring the historic island firmly into the 21st century.

This is partly attributed to the country's acceptance into the European Union in 2004, which also saw the borders between the country and neighbouring Greece relaxed.

However, the imminent adoption of the euro clearly have an economic impact, and UK investors with an existing European portfolio may find that their confidence in the market is buoyed.

Dr Stelios Platis, compiler of the BuySell Real Estate Home Price Index, told the Telegraph:

"The adoption of the euro is an exciting progression ... the positive effects upon the economy are likely to increase demand in an already buoyant market and lead to an increase in house prices".
 

Click here to view Cyprus real estate