Cyprus 'still offers a growing market'

Tuesday July 29th , 2008

Cyprus has been flagged up as a good location for those who wish to invest in a foreign property.

According to the Telegraph, house prices in most popular European markets are in a state of decline.

However, the newspaper said Cyprus is apparently bucking this trend and continuing to experience growth.

Indeed, it said that during the first quarter of the year, property values on the Mediterranean island went up by more than three per cent.

This means that it could be an ideal market for people who wish to invest in an expanding European market.

The Telegraph commented: "The property boom is over just about everywhere, with the possible exception of Cyprus."

According to Homes Overseas magazine, house prices on the Mediterranean island are rising at a considerable rate.

Figures from the publication show that in the last year alone, property values have gone up by nearly 20 per cent.