Cyprus has been rated as the best place to invest in property anywhere in the world!
The findings come from a recent index of which nine of the top ten places to make money from overseas property are in Europe. The monthly www.whereonearth.biz survey assess country’s viability as investment destination using a dozen factors. These include each country’s level of Foreign Direct Investment (FDI), its political and economic climate, its Gross Domestic Product (GDP) the number of new developments being built there, the number of internet hits a country gets and how much promotion a country receives in the media.
Cyprus scored highly in new property developments, political and economic climate and especially highly in internet hits and media coverage. Popular for it’s year-round sun, Cyprus is expecting a strong 2007 (Knight Frank predicts 12.5% capital value growth) and there are plans for two international airports, a PGA golf course and state of the art marinas.
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