Cyprus is an island situated in the northeast corner of the Mediterranean Sea, at the meeting point of Europe, Asia and Africa. This strategic position has played an important role in the development of Cyprus into a centre for international business and tourism. Paphos is a mature and well-established area and has been popular with British holidaymakers for years. The city of Paphos on the southwest coast of Cyprus was the capital of the island in Roman times, and dates from 1400 BC.

It has been written in Greek mythology that the area of Paphos is where the Greek Goddess of Love, Aphrodite rose from the waves at the spot marked by ‘Aphrodite's Rock'. Paphos played an important role in the times of early Christianity and there are many historical connections. With this historic and archaeological wealth, parts of Paphos have been declared as UNESCO World Cultural Heritage Sites.

Cyprus is a member of the United Nations, the Commonwealth, and the Council of Europe and has joined the European Union - May 2004. Cyprus has the best economy amongst the countries to join the E.U. in May 2004.

Cyprus is one of the world's favourite holiday destinations with over three million people visiting the island of Aphrodite each year.

PROS	CONS
Very attractive interest rate (from 2.9%)	Relatively mature market
Interest only mortgage options available
Low deposit purchase (from 10%)
Stable capital growth
€650million upgrade of airports
Arrival of budget airlines
Golf tourism at early stages (presently 3 courses, 11 more to folow)
Marina tourism at early stages (3 major marinas introduced)
Sports tourism on the increase (sports centres developed in
28 million Investment in Rural tourism by EU
Cyprus has highest population growth in EU (Financial Mirror)
Capital appreciation average 9% per annum (Buysell Cyprus index)
Bouyant long term rental matket (4% return)