BEVERLY HILLS, CA—Realty Group International plans to expand its reach into the upcoming energy boom in the European country of Cyprus. Saying that it is the first American realty company to do substantial business in the region, RGI has developed an alliance with Antonis Loizou & Associates, the most recognized and respected real estate company in Cyprus with over 3000 properties for sale.

Directly contracted with the Cypriot firm, RGI also has satellite offices in New York, Paris, Rome, Barcelona, Cyprus and Rio De Janeiro.

Recognizing that Cyprus has a massive potential for economic and residential growth due to a recent discovery of large deposits of natural gas, a recovering market and an underrated tourism destination, RGI owner and CEO Michael Fiscina says, “Real Estate investors are looking internationally for new buying opportunities with a better return on their investments. Most of the investment opportunities from the US crash in 2008 have been exhausted, not as many deals emerged in 2014 due to the decreasing availability of short sales, foreclosures and higher market rate sales. We see countless homeowners taking advantage of the possible temporary housing bubble and are getting out when the market is at its peak.”