There can be no doubt, the credit crunch represents a global economic phenomenon; as reflected in the downturn in the property markets of many European and North American countries. It may seem strange then that Cyprus remains relatively unaffected - with property prices running against the grain of recession.
Cyprus is one of Europe’s most popular holiday locations. Indeed, many visitors love Cyprus so much that they return home only to up-root and relocate there permanently.
It is easy to see why when you consider that it is one of the sunniest locations in Europe. That is not to say that the warm climate is the only appeal, far from it, Cyprus also boasts one of Europe’s lowest crime rates - making it a very attractive, safe place to holiday with the entire family. It is also a very well developed country, with a sound legal system, investment from many multinational companies and regular direct flights from most major European cities.
Sunday, October 19, 2008
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