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Monday, June 15, 2009

Cyprus Property Regaining its Popularity with Overseas Buyers

Cyprus property has grown in popularity again between April and May according to the data collected by Property Abroad.com from people searching for overseas property on the site.

Cyprus property was seventh most popular with searchers in April this year, and it was fifth most popular in May.

"As we said when we revealed our quarterly data, the growing popularity of Cyprus is a sign that the solutions recently offered to the title deeds scandal have restored confidence in the market, and that, along with the new golf courses, and Disney world proposed for Cyprus, are making it once again a popular choice with overseas buyers," said Julie Liddle, the portal's emerging markets analyst.

Julie was referring to the fact that Walt Disney named Cyprus as the chosen destination for the second Euro Disney (first in Paris), around the same time as the government approved 14 new golf courses in the areas most popular with tourists. Golf is one of the major attractions with visitors to Cyprus.

Property Abroad is currently marketing Cyprus property for sale, priced from as little as £25,000.

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