Cyprus attracts British property buyers

Article Date : Friday, April 25, 2008

Cyprus is one of the most popular foreign destinations for British property buyers, an expert has revealed.

Property author Nigel Howarth said more than 60,000 UK nationals own property on the Mediterranean island - a figure which can only be beaten by France and Spain.

He stated that the country offers a number of financial attractions which make it a prime location for investors.

Speaking to the Telegraph, he revealed that it has the lowest level of income tax in Europe and relatively low property prices.

Mr Howarth commented: "They are approximately 20 per cent lower than equivalent properties in Portugal."

He added that demand among British property buyers is currently on the rise, a development which is pushing up property values across the island.

This comes after the Independent said that Cyprus does not seem to have been negatively affected by the worldwide financial crisis.

According to the newspaper, this development represents a "convincing case" for the island's investment credentials.

Related Articles

Let Us find Property in Cyprus for You

Fill out a requirements form and our experts will help you find a great selection of Properties for sale in Cyprus.

Help me find property in Cyprus

Subscribe to Our News Feed

Do you own or manage a real estate/property web site? You can publish Propertyshowrooms.com News on your website by using our RSS News Feed.

Media/Press Section

Are you a Press or Media professional? We have access to a wide and varied collection of data and statistics which may be of interest to you.

Journalists click here

List Your Property

Related Cyprus News

Cypriot authorities praised for euro transition
Authorities in Cyprus have been praised for their handling of the recent change in currency.

The European commi...
Euro entry attracts investors to Cyprus
Cyprus has become more popular with foreign property buyers as a result of its recent currency changeover, analysts have...
Britons dominate Cyprus tourism
Official figures have revealed that Cyprus was a highly popular destination for British holidaymakers last month.
Cyprus weathers economic storm
Cyprus does not seem to have been negatively affected by the worldwide financial crisis, a newspaper has stated.
Cyprus tourism trade tempts rental investors
Property investors are increasingly choosing to snap up houses in popular Cypriot holiday resorts.

According to...

Property News Search

Property Bulletin - Subscribe