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Cyprus aims to appeal to golfers

Article Date : Wednesday, October 24, 2007       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

Affluent golf lovers are being actively encouraged to invest in the Cypriot property market, it has been reported.

The 7Days news website said that the country's government was planning to build 11 new resorts in order to boost the level of foreign investment.

According to the portal, the aim is to establish the island as a top golfing destination that could compete with markets such as Spain and Portugal.

However, it stated that Cyprus had an advantage its property values were up to 30 per cent lower than those in the rival countries.

"Both the Cypriot government and key developers in Cyprus are recognising that there is a big future for golf on the island," the website continued.

This comes after UK newspaper the Times reported that new leisure facilities were being created as part of an overall strategy to encourage foreign investment.

The publication also stated that the government was also implementing infrastructure improvements and the development of new transport links.
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