Launch of Cyprus Property Investment Fund

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With an increasing number of investors looking for low cost entry deals in the overseas market, this fund provides an ideal opportunity to get involved from as little as CYP£ 11,512 (£13,745) with potential returns of between 60% to 80%.

Investors Provident, a global property investment company, is pleased to announce the launch of its first consortium investment opportunity overseas. Being specialists in markets like Dubai, Cyprus, Spain, Bulgaria and others, and having successfully launched a number of investment opportunities across the globe, the Investors Provident Fund is the next level up for this young company.

"We have had so many investors ask the question: Are there no low-cost entry deals abroad where we don't necessarily need to put down thousands and thousands of pounds?" says one of the senior partners in the business. With an increasing number of investors looking for low cost entry deals in the overseas market, Investors Provident decided to setup a consortium fund to allow all investor types to take part in the buoyant property market abroad.

The first opportunity available to invest in with Investors Provident is in Larnaca, Southern Cyprus. St. Andrews Court, as the development is known, presents an excellent opportunity to get involved from as little as CYP£ 11,512 (£13,745). This is quite an exclusive opportunity not only because of its low initial deposit, but also its location which is very close to the proposed 4th 18 hole golf course in Cyprus.

Located in Tersefanou, a small village just outside Larnaca, this spectacular golf course is designed and backed by the European Golf Federation. At present, there are only three golf courses in the whole of Cyprus, and all are located in the surrounding area of Pafos. By offering a resort catering for high quality hospitality services to foreign and Cypriot citizens, this new course is aimed at increasing the Cyprus tourism market and to make a positive contribution to the Cypriot economy.

The resort will feature a hotel, club house with multiple restaurants and bars, a state of the art business centre, equestrian facilities, a retail village complex, entertainment area and spa, a number of villas, more than 1,000 apartments and a 6,000m golf course - all lying in a scenic valley with beautiful natural rock formations and grand trees adding maturity to a relatively new course. With the apartments and villas being built over four phases, some of them are situated on the hills around the course and will have magnificent views overlooking the Mediterranean Sea. The resort is designed to be a comprehensive and integrated golf and leisure resort that combines the advantages and privileges of living in Cyprus.

There are currently three major golf courses in Cyprus and with the golf craze sweeping the island, plans are underway for the development of four or five more within the next five years. The present three are situated very much in the same region of Pafos, with the three new 18-hole golf courses ones planned in the districts of Limassol (Pentakomo), Larnaca (Oroklini) and Famagusta (Agia Napa) by the consortia of local authorities and hoteliers.

St. Andrews Court is a development comprising of 8 blocks of 8-10 apartments each. These range from 1 bed with their own gardens to 3 bed penthouses with large verandas. It is located only 1400m from the golf course and 5km to the beach making it an ideal couple and family holiday hotspot. Investors Provident are initially offering one block of 8 apartments for consortium purchase, with further blocks being made available in the near future.

With the investment entry level as low as CYP£ 11,512 (£13,745) and the potential returns of between 60% to 80% within 15-18 months, this gives investors an extreme leveraging opportunity to control assets worth CYP£ 722,000 (£862,068). An exit strategy is being put in place for September 2006 for those wanting to realize their profits to move on to other opportunities.

For those who do not wish to take the consortium route and want to purchase a plot (or plots) individually, there are other apartments available within the same complex as well. St. Andrews Court truly presents an excellent investment opportunity for investors who wish to partake in the buoyant Cypriot property market, but do not wish to go into it alone by investing their life savings. Not only that, but it is becoming increasingly difficult to find opportunities today with such low initial deposit and excellent returns.

For further information, please contact:

Investors Provident Ltd.

Tel: 0044 870 1999 859

http://www.investorsprovident.com/Europe/Cyprus/development.asp/ID/85
http://www.investorsprovident.com

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