Cypriot property among top performers

Friday June 20th , 2008

The property market in Cyprus continues to perform well, with a recent report showing that prices have risen steadily during the last 12 months.

Despite a global economic slowdown, property in Cyprus continues to hold its value and even increase, according to the Global Property Guide.

The country is one of 13 to have seen the cost of property increase over the last year, showing a rise of 13.26 per cent.

Only Slovakia, Hong Kong, Bulgaria and Taiwan experienced a rise in prices greater than that seen in Cyprus.

The figures suggest that emerging economies such as Cyprus are enjoying a small boom in property prices as investors look to alternative nations in which to find holiday homes, rental properties and investment opportunities.

Cyprus may be an excellent choice for investors looking for property to rent out, with recent figures showing that 2.4 million people visit southern Cyprus each year.