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Cyprus 13th in Top of the Props

IN THE September 2008 Top of the Props chart published by themovechannel.com, Cyprus maintains its position at number 13. The most popular investment destination for British overseas home buyers for a second successive month was the USA, followed by Portugal (up 4 places to number 2) and the United Arab Emirates (up 1 place to […]

IN THE September 2008 Top of the Props chart published by themovechannel.com, Cyprus maintains its position at number 13.

The most popular investment destination for British overseas home buyers for a second successive month was the USA, followed by Portugal (up 4 places to number 2) and the United Arab Emirates (up 1 place to number 3).

Two new entries to the Top 10 are Bulgaria at number 7, and India at number 8.

Just a couple of years ago, Cyprus was the third most popular destination for British overseas investors behind Spain and France.

The weakness of Sterling against the Euro and the UK credit crunch are often blamed for Cyprus’ lacklustre performance in attracting British property buyers. But with Euro countries Portugal, Italy, France, Spain and Germany all performing better than Cyprus in the property charts, perhaps something else is to blame for the fall in its popularity?

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