Cyprus avoids economic slump

Property investment abroad: 18 April 2008

Holiday home buyers could find Cyprus an ideal location in which to purchase a property, according to a media report.

The Mediterranean island was described by the Independent as a country which offers both big resorts and quiet villages, thereby giving it a broad appeal to lifestyle buyers.

However, Cyprus was also said to offer a number of financial advantages, especially as it has not been negatively affected by the economic slowdown in Europe.

In fact, house prices in the country went up by 20 per cent in 2007, which suggests that even amid the ongoing financial turmoil, the island could be a safe, secure and potentially lucrative investment.

Commenting on the Cypriot market, the Independent said: "It looks as though the island may buck the current trend for falling house prices."

Cyprus was recently highlighted as a popular destination for British holidaymakers by travel firm Thomas Cook.

According to the company, the island is currently as popular as ever, as it offers an affordable holiday and good weather prospects.

See our Cypriot featured properties



See other Cypriot properties


New luxury villa with beautiful sea views and a gated private pool
Cyprus , Famagusta region , Ayia Napa
New all season, luxurious spacious & private 3 bed roomed detached villa with beautiful views of the sea set back 800 metres from the sea front. A short walk away is the sandy blue flag Ayia Thekla beach and the fantastic Water park. Ayia Napa is ... [full details of property 84268]

New all season luxury Villa, with beautiful sea views and a gated private pool
Cyprus , Famagusta region , Ayia Napa
New all season, luxurious, spacious and private 3 bedroom detached villa which enjoys beautiful views of the sea, set back 800 metres from the sea front. A short walk away is the sandy blue flag Ayia Thekla beach and the fantastic Waterpark. Ayia ... [full details of property 77420]

Stunning villa with amazing views & private pool
Cyprus , Paphos region , Coral Bay Area , Pegia (Peyia)
This is an exceptionally luxurious 4 bedroom, 4 bathroom villa located on an elevated position and offering amazing views of the sea of Coral Bay. The interior is of an extremely high standard and no expense has been spared in maintaining the lavi... [full details of property 62805]

Traditional Detached Stone Villa In Coral Bay Village
Cyprus , Paphos region , Coral Bay Area , Coral Bay Village
The Sunflower Villa is an exceptionally comfortable traditional three bedroom stone villa with its own private swimming pool built along a traditional design but boasting all modern comforts and enjoying some of the most breathtaking views of Cora... [full details of property 13482]

Luxury Detached Beach Front Villa With Private Pool
Cyprus , Paphos region , Coral Bay Area , Coral Bay Village
The Coral Beach Villa is a new high quality luxury sea-front 3-bedroom villa with its own private sea facing swimming pool located quite literally a few meters from the beach and offering unobstructed views of the sea and a breathtaking sunset. Th... [full details of property 50613]

Spacious villa with private swimming pool
Cyprus , Paphos region , Paphos & Suburbs , Chlorakas
The unusual external appearance of these two identical detached villas conceals spacious accommodation arranged over 3 levels. These neighbouring villas are ideal for the larger party wishing to holiday together. From the front door a short flight... [full details of property 90079]

Villa with Private Pool and Landscaped Garden Area
Cyprus , Limassol region , Pissouri Bay & Village
These two striking villas in the traditional blue and white colours associated with the Mediterranean, are set on substantial plots each featuring its own large private swimming pool. The entry level has an open plan living/dining/kitchen area. ... [full details of property 90070]

Beautiful 3-bedroom villa with private pool & dramatic views
Cyprus , Paphos region , Polis Inland villages
This villa is set on an extensive plot of land (approximately 6,000 square metres) complete with manicured lawns, colourful flower beds and Palm trees. The care and attention to detail throughout is obvious and the villa offers a high standard ret... [full details of property 89991]

Unique 5 bedroom Villa in a peaceful location
Cyprus , Larnaca region
Originally intended to be the owners summer home, this villa can truly claim 'one of a kind' status as it has been specifically designed by it's artist / architect owner to his personal taste. The isolation of this villa allows it to enjoy complet... [full details of property 89988]

Tasteful villa overlooking stunning views of the coastline
Cyprus , Paphos region , Coral Bay Area , Pegia (Peyia)
This 3 bedroom bungalow villa is situated in the hillside village of Peyia, in a quiet cul-de-sac, overlooking stunning views of the coastline. The large family room features a dining table which seats 6. This is open-plan to the kitchen which is... [full details of property 89986]

See all self catered villas & apartments in Cyprus »

More travel news & events from around the world

Travel news from 2008 · Travel news from 2007 · Travel news from 2006