Bailout exit, unity moves make Cyprus attractive: entrepreneur

Nicosia

LOW property prices in Cyprus at a time when the country is preparing to exit its international bailout programme, and ahead of possible reunification of the eastern Mediterranean island, represent a good investment opportunity, serial entrepreneur and easyJet founder Stelios Haji-Ioannou said.

"Bricks and mortar is probably a good safe investment at the moment on the island," Mr Haji-Ioannou, chairman of easyGroup and founder of the Stelios Philanthropic Foundation, said in an interview in Nicosia on Oct 25. "It might be too late if it's obvious to everyone that Cyprus is out of its memorandum," he said. "Prices after reunification will go up."