Potential How can you be 100% certain that your Cypriot property will increase in value? Well, actually, you can’t. Nothing’s certain but death and taxes, although read on to discover how Cyprus has even bucked those (erm, taxes not deaths). However, what you can do is look at influencing factors, patterns and how the property market compares to others that have shot through the roof.

Cyprus entered the EU in May 2004 and property prices have steadily increased. The alignment of regulations and services that EU membership stipulates has prompted a flood of investment and the Cypriot government expects economic activity to have doubled to CY£5.2billion by 2017. Cyprus enters the Euro in January 2008 and you only have to look to similar destinations, such as France, Spain, Ireland and Portugal, to see the remarkable affect that this had on property prices.

Over CY£200m has been invested into the redevelopment of Paphos and Larnaca airports and, with Monarch already leading the way, the budget airlines are set to offer low-cost flights to Cyprus. Recent reports suggest that low-cost carriers increase the prices of properties within 30 minutes’ drive of the airport by around 30% – exactly the kind of statistic that investors of all levels should be placing stock in.

If your property is an investment or holiday home, you can also maximise its potential by renting it out. Cyprus has long been a popular tourist destination at the higher-end of the spectrum and with heavy spending on infrastructure, facilities, international profile and several low-cost carriers set to arrive, tourism will only increase. 340 days of sunshine a year attract the usual groups, families and couples, while the world-famous ‘Zenobia’ wreck is a magnet for thousands of divers. Southern Cyprus has now also set itself the goal of capturing 5% of the Northern European winter golf market.

A deluxe two-bedroom two-bathroom apartment in Larnaca will set you back CY£100,000. That means monthly mortgage repayments of around CY£500 when, during high season, your apartment should fetch around CY£400 in rental per week. You don’t need a PHD in economics to work out that those figures should put a smile on your face.