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Cyprus is 'world's no 1'

Jaimie Kanwar

Cyprus has again consolidated its position as one of the world's top investment hotspots...

According to a survey conducted by property investment magazine Jet-to-Let, Cyprus is the country of most interest to foreign property investors in 2008 – the second consecutive year the sunshine isle has hit top spot.

In order to provide an up-to-date snapshot of investor intentions in 2008, Jet-to-Let magazine surveyed 1000 new readers who recently subscribed to their free quarterly investment magazine.

The results, which provide an interesting comparison with a similar survey conducted last year, show that investor interest is continuing to shift away from the UK buy-to-let market and towards foreign investment opportunities.

Dominic Farrell, editor of Jet-to-Let magazine, commented: "I am not surprised that Cyprus took the top slot in the survey. The adoption of the Euro on 1st January 2008, the interest rate cut, oil and gas finds offshore and low taxes continue to make Cyprus very attractive for investors and homebuyers alike”.

The Jet-to-Let 2008 top 10 survey results are:

1. Cyprus
2. France
3. Spain
4. Germany
5. USA
6. Morocco
7. Italy
8. United Arab Emirates
9. Turkey
10. Brazil

The top 10 in 2007 were:

1. Cyprus
2. Spain
3. France
4. Morocco
5. Portugal
6. Bulgaria
7. USA
8. Germany
9. Turkey
10. Poland