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

Cyprus back at number 10

Cyprus property at number 10CYPRUS leaped four places to number ten in the November 2015 edition of the ‘Top of the Props’ published by the property portal TheMoveChannel.com, accounting for 2.29% of on-line searches on the property portal.

According to the portal, USA remains the most popular real estate market, accounting for nearly one in ten (9.50%) of all enquiries, followed in second place by France, which accounted for 6.59% of all enquiries.

This is only the second time Cyprus has been in the Top 10 since December 2013, 23 months ago and real estate enquiries have returned to levels last seen in 2013.

Commenting on Cyprus’ return to the top 10, Director of TheMoveChannel.com Dan Johnson notes: “Cyprus has had a difficult time in the years since the financial crash, with any potential rebound hampered by the banking crisis and title deed issues.

Throughout 2014, the island lingered outside TheMoveChannel.com’s Top 10, suggesting the promise of overseas interest in its low-priced real estate, but Cyprus fell even further amid the uncertainty surrounding Greece’s economy: in May 2015, the country tumbled to a record low of 26th in the Top of the Props chart, with just 0.27 per cent of enquiries made on TheMoveChannel.com.

“Now, though, as sentiment surrounding the European economy improves, bolstered by the weak single currency, Cyprus has surprised everyone by bouncing back into the Top 10, with its highest level of enquiries in 34 months. Is it a flash in the pan, or can it continue the long, slow climb back from the brink in 2016?”

The full Top 40 destinations on TheMoveChannel.com in November 2015 can be seen below.

RankCountryShare (%age)Change
1USA9.5No change
2Spain6.59No change
3Portugal5.34Up 1
4Turkey4.8Up 3
5Brazil3.53Down 2
6France3.15Down 1
7Italy3.12Up 2
8Canada2.87Down 2
9UAE2.41Down 1
10Cyprus2.29Up 12
11Bahamas1.61Up 28
12Thailand1.36Down 1
13Uganda0.85No change
14Cape Verde0.83Up 2
15Australia0.83Down 3
16Bulgaria0.7Down 1
17Greece0.7Down 3
18Belize0.67No change
19India0.6No change
20Romania0.58Up 7
21Croatia0.52Up 5
22Philippines0.5Down 5
23Egypt0.47Up 7
24Germany0.41Down 6
25Barbados0.4Down 12
26Slovakia0.34Up 22
27Malta0.3Up 5
28Morocco0.28No change
29Fiji0.25Down 4
30New Zealand0.18Up 1
31Poland0.18Down 7
32Austria0.18Up 1
33Hungary0.17Down 10
34Ireland0.15Up 3
35South Africa0.15Down 15
36Dominican Republic0.14No change
37Slovenia0.09Up 5
38Qatar0.08No change
39Panama0.08Down 5
40Cayman Islands0.07Down 30

About Lead Galaxy and TheMoveChannel.com

Founded in 1999, TheMoveChannel.com is the leading independent website for international property, with more than 800,000 listings in over 100 countries around the world, marketed on behalf of agents, developers and private owners.

TheMoveChannel.com is one of more than a dozen international property sites operated under the Lead Galaxy brand. Lead Galaxy provides online marketing solutions to thousands of property companies worldwide, focusing on portal listings, email marketing, qualified leads, paid search and social media advertising.

The business is headquartered at 24 Jack’s Place, Corbet Place, Shoreditch, London, E1 6NN.