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25th February 2024
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HomeInvestmentCyprus property market unaffected by regional conflict

Cyprus property market unaffected by regional conflict

Amidst the ongoing Israel-Gaza conflict, concerns about the safety and stability of Cyprus for potential property investors have surfaced.

However, Cyprus property market stakeholder Chris Michael released a statement assuring that despite its proximity to the conflict in Israel, Cyprus remains a secure and stable destination for real estate investments.

He cited the 2023 Global Peace Index, underscoring Cyprus’ stability, which rates the island at a ‘high’ state of peace.

In this context, this rating, he explained, places Cyprus alongside renowned investment hubs like Spain, Italy, and Germany, while highlighting the island’s commitment to maintaining a peaceful atmosphere amidst regional tensions. This assurance serves as a strong testament to Cyprus’s appeal for prospective property investors.

Michael said that he considers the 2023 Global Peace Index’s acknowledgement of Cyprus’ ‘high’ state of peace “to be highly significant for prospective property investors”.

“This places Cyprus in esteemed company alongside other desirable investment locations like Spain, Italy, and Germany. The contrast with France, which is recorded as being in a ‘medium’ state of peace, accentuates Cyprus’s unwavering commitment to fostering and preserving a peaceful environment,” Michael said.

“This endorsement adds an extra layer of assurance for those considering property inve