Cyprus – A New Golfing Paradise

News in this week shows Cyprus is on the move to marketing itself as an up-market Mediterranean golfing paradise over the next five years.  This move is part of a long-term goal to attract the more affluent tourist market to Cyprus.  Blessed with 300 days of sunshine a year and a solid tourist infrastructure, Cyprus is well placed to offer great golfing facilities and a related property market.

Currently there are three golf courses on the island, but fourteen more are planned and currently in various stages of development. However, government authorities are very conscious of the potential damage that could be caused by over-development and it is keen to preserve the natural environment of the island, considered to be one of its prime assets. 

Cyprus is a currently home to some 60,000 British expatriates and as flights are available for around £120 return, Cyprus remains a favourite amongst UK investors.  With the new golf courses complete, property prices are set to be driven up, provided tourist and housing demand remain strong.  Last month property growth in Cyprus stood at 8.5% per annum and this kind of stability continues to draw property purchasers to the island.