EU accession raises interest in Cyprus

Cyprus has long been a popular destination for holidaymakers and investors alike but, since the island's accession to the European Union, there has been increasing demand for both holiday and investment properties.

9th July, 2005

Cyprus has long been a popular destination for holidaymakers and investors alike but, since the island's accession to the European Union, there has been increasing demand for both holiday and investment properties.

This has led to a 10 per cent per annum increase in house prices on the island over the last five years, but, despite this, prices are still around 30 per cent lower than in Spain, 20 per cent less than in Portugal...

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