Valuations on our current developments were finished in August this year, recording significant increases in property values for our clients. The valuations were carried out independently by Alpha Bank in Cyprus (Cyprus’ second largest bank.)
The valuations indicate capital growth of over 20% across all property types, the highest being 26%, and needless to say all of us here at BMS Homes are delighted.
This underlines our commitment to the property market in Larnaca and to the investment needs of our clients and with further European investment into the Larnaca region, including the new airport terminal next year, the PGA golf course in 2010 and the luxury marina in 2012, we expect this growth to continue over the next 5 years.
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