Cyprus property prices are poised to increase by 50 per cent when the island joinsthe euro zone in 2007, by when mortgage rates are likely to dropfrom 7.5 per centto 3.5 per cent.High standards and low costs of living along with virtually non-existent crime ratesand numerous tax advantages make Cyprus an attractive option for UK investors.Prices in Cyprus are still considerably lower than France or Spain, with a three-bedroom detached villa with a private pool costing around £250,000 sterlingin Cyprus, which would only stretch to a large two-bedroom apartment in the Southof France.
