Property in Cyprus

Cyprus has moved into the top 5 places to invest in Property in Europe, above established markets such as Portugal and Italy.

Investors who have already invested in investment property in Cyprus have benefitted from a long period of steady house price rises. Since joining the EU in 2004, this growth has accelerated and, analysts say, the rise looks set to continue.

Since entry into the Euro in January 2008 the prices have moved up steadily, and industry insiders indicate that prices are set to rise to the levels of the South of France and the Algarve in Portugal if current growth continues.

Cyprus has seen all the benefits of an emerging market such as rapid growth but with all the security you find in a mature market. The Cypriot economy is buoyant and the south's EU membership has afforded Greek Cypriots a far higher standard of living. Based on its GDP, (real) growth rate, the south of Cyprus was ranked at 11th place amongst the world's fastest growing economies in 2007.

English is widely understood and the use of the English legal system means buyers have felt more comfortable buying in Cyprus than in other destinations where the language acts as a barrier. The stringent building regulations coupled with huge investments into infrastructure strengthen the reasons to invest in Cyprus even further.

Cyprus enjoys very low entry levels with outstanding security offered by Real Estate Investment. The high standard of living combined with low prices make this beautiful island a real hot spot for capital growth.