Overseas property buyers return to Cyprus
- Jan 7, 2017
- 1 min read
Overseas buyers are showing signs of returning to Cyprus, with the country entering TheMoveChannel.com’s Top 10 most popular destinations in November for the first time in a year.
The property portal’s latest Top of the Props report reveals a rebound in interest for Cypriot real estate, with enquiries for property on the island reaching a 12-month high in November 2016. Enquiries more than doubled in real terms month-on-month, taking the country storming 10 places up the Top of the Props chart to steal the eighth spot, knocking France down a place in the process. Cyprus property accounted for 1.62 per cent of all enquiries on the portal in November, marginally ahead of French property’s 1.6 per cent. This is the country’s highest share of enquiries since November 2015, when it accounted for 2.29 per cent.
Cyprus led an uprising among several European destinations in November. The gradual rebound in Cyprus’ popularity is also more apparent: Cyprus has now been inside the Top 20 most popular destinations on TheMoveChannel.com for 10 months in a row. In real terms, enquiries for the island’s real estate have varied on a month-by-month basis throughout 2016, but rose 20 per cent in Q2 compared to Q1 2016 and increased 8 per cent in the three months to November compared to the previous three months.
WillCyprus property keep climbing as we enter 2017?”
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