Parador Properties, a UK independent overseas property sales company, has chosen Cyprus Airways for its property familiarization trips to the Mediterranean island. The agreement marks the entry of Parador into the Cypriot real estate market.
Parador, which recently opened a regional office in Dubai, is a UK-based Spanish real estate agent. Cyprus is its second overseas destination. Parador Properties has now opened an office in Paphos, Cyprus and has become a member of the Cyprus Chamber of Commerce.
Under the tie-up with Cyprus Airways, prospective buyers will be flown to Cyprus from Dubai or the UK on comprehensive fact-finding tours, not only to view properties, but also to experience Cyprus.
Parador believes the low cost of living in Cyprus combined with its double-taxation treaty with the UK, are key factors in attracting investors and residents to the island. Cyprus becomes a full member of the European Union on May 1, 2004 and is working towards adopting the euro currency in 2008. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
