Cyprus 'beating the crunch'

Cyprus is beating the credit crunch due to a high level of continued interest in the property market there, it has been stated.

The country has been attracting more buyers as an alternative to other markets which are faring badly, Easier Property has stated.

It quoted the managing director of Cybarco UK Jonathan Salsbury stating that the country has a range of attributes which have combined to buoy the market.

He stated: "What we are witnessing here is a conscious choice of quality build, proven track record, lifestyle and belief in sustainable growth over price."

This positive view of Cyprus has also been expressed this week by Louise Hoade, the director of Principal International.

She said Cyprus has "bucked the trend" of the credit crunch as one of just three countries in the world experiencing positive appreciation on property.

Ms Hoade stated that the country is benefiting from a range of attributes, from plentiful flights and good weather to low crime and a "sound" legal system.
 

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