A Russian conglomerate called the Boema Group is applying for planning permission to build a €800million Disneyland holiday resort in the town of Pyla, in Cyprus. Scheduled to be the largest ever single investment made on the island, creating around 3,000 jobs, according to Finance Minister Charilaos Stavrakis, the project is likely to be built on leased state land near the UN buffer zone between Turkish and Cypriot lines around the Larnaca – Famagusta border. The investors were reportedly looking at Serbia to locate the project, but changed their mind after a Cypriot delegation highlighted Cyrpus’ political stability, EU membership and year round sunny weather. This is great news for property buyers in Cyprus when news from the UK continues to be dire and the potential impact on property values within a large radius of the area should be significant