We Know Property

Cyprus has been flagged up as a good option for overseas property buyers who are seeking returns on their investment.

The Mediterranean island was recommended by Homes Overseas magazine on the strength of its growing housing market.

According to the publication, house prices in Cyprus have risen by more than 18 per cent in the last year.

This suggest that buyers who enter the island’’s property market could benefit from further capital appreciation.

As a result, they could find themselves in line to collect a considerable profit should they choose to sell up at a later date.

Homes Overseas magazine added that demand for property has been buoyed by growth in the island’’s tourism sector.

Figures from the publication show that visitor numbers have gone up by 4.4 per cent in the last 12 months.

This comes after the Home Move website described the rate of house price inflation in Cyprus in the last few years as “impressive”.