- Cyprus Property News Magazine - http://www.news.cyprus-property-buyers.com -

Cyprus moves up three places in Top of the Props chart

THE popularity of Cyprus as a destination for overseas property investors improved three places in the March issue of the ‘Top of the Props’ chart published by TheMoveChannel.com.

The most sought out destination for overseas property investors in March was Spain, with the USA in second place. Brazil and France came in third and fourth, followed by Portugal, Italy, Turkey and Greece, with Germany and Bulgaria at numbers nine and ten respectively.

Commenting on Brazil’s performance TheMoveChannel.com Director Dan Johnson said:

“It may be Brazil’s first time in the top three, but it has been one of the big property players for months. While other struggling markets are attracting buyers with low prices, Brazil’s strength comes from its economy and potential for investment before the World Cup and Olympics.”

The full breakdown of the March 2012 Top 40 is as follows:

RankCountryShareChange
1Spain15.23Non-mover
2USA12.04Non-mover
3Brazil10.57Up 8
4France9.93Down 1
5Portugal7.21Down 1
6Italy3.86Down 1
7Turkey2.91Up 1
8Greece2.68Up 2
9Germany1.97Up 4
10Bulgaria1.96Down 4
11Cyprus1.91Up 3
12Barbados1.88Up 3
13Malta1.78Up 5
14India1.74Up 3
15Cape Verde1.72Down 8
16Thailand1.35Non-mover
17Morocco1.2Down 8
18Canada0.99Up 2
19Croatia0.95Non-mover
20UAE0.81Up 2
21Czech Republic0.73Up 22
22Indonesia0.71Up 6
23Hungary0.6Non-mover
24Australia0.57Down 12
25Egypt0.56Down 4
26Poland0.39Up 3
27Slovenia0.36Down 1
28Cayman Islands0.34Up 8
29Switzerland0.29Down 2
30Montenegro0.28Non-mover
31St Lucia0.28Up 10
32St Kitts and Nevis0.26Up 2
33South Africa0.22Up 7
34Mexico0.21Down 10
35Belize0.18Down 4
36Philippines0.15Down 4
37Mauritius0.15Up 10
38Kenya0.12Up 8
39Cambodia0.1Down 1
40Bahamas0.1Up 4

TheMoveChannel.com is an overseas property search portal and its ‘Top of the Props’ chart is based on the number of on-line enquiries for property in different countries around the world.

We expect that the Cyprus sales statistics for March will be available by the end of next week and we shall see whether the Island’s increased popularity is reflected in the number of sales. Anecdotal evidence leads us to believe that sales in Paphos are improving after many months of decline.