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Buy Abroad News

02 Jul 08

No Slowdown In Sight In Cyprus

People who have invested in the Cyprus property market are feeling the benefits of a stable economy and steady growth since Cyprus entered the European Union.

--- The Cyprus property market is one of the few that shows no sign of a let-up in interest despite the slowdown in the UK economy.

John Reilly from said: "With interest still high from clients looking to relocate to this beautiful country, we are seeing a steady stream of enquiries, and one of the main factors attracting relocation to Cyprus is the fact that almost everyone on the island can speak English, making it easier to integrate than say in France or Portugal."

One of the areas that has been a winner in terms of continued interest in property has been the Larnaca property market with areas such as Mazotos and Oroklini being particularly popular with people looking for a village feel with a good mix of traditional Cypriot culture and an ex-pat community to share memories of home with.

Another popular spot has been the village of Kiti. Property in Larnaca generally has done well over the last two years, but villages like Kiti have seen significant rises in property values due in no small way to the planned golf course at Terefanou which will be a stone throw away.

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