Cyprus has claimed the top position in a newly released global index identifying the best countries for purchasing a holiday home. The study, conducted by Australian comparison platform Compare the Market, analyzed more than 50 international destinations, placing the Mediterranean island ahead of well-known favorites like Greece, Italy, Malta, and Spain.
The island achieved an impressive overall score of 8.25/10, underscoring its dual appeal as both a desirable lifestyle location and a smart financial investment.
Lifestyle Factors and Natural Appeal
Cyprus’s high ranking is significantly supported by its inherent lifestyle advantages and cultural heritage:
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Favorable Climate: The island scored strongly for its agreeable weather, with an average monthly rainfall of just 31.89mm, ensuring abundant sunshine for residents and visitors.
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Dining Capital: It boasts a high concentration of culinary options, offering 534 restaurants per 100,000 people.
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Activities and Culture: The destination also ranked in the global top ten for available activities, with 334 options per 100,000 people, catering to both relaxation and adventure seekers.
The report noted Cyprus’s enduring romantic image, tied to its mythological status as the birthplace of Aphrodite, alongside its rich ancient history and reputation for excellent local wines and produce.
Investment Value and Market Attractiveness
Crucially for buyers, Cyprus offers an attractive entry point into the market, balancing its high-quality lifestyle with favorable investment metrics:
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Affordable Housing Index: The island recorded a low Real House Price Index score of 99.6 (based on OECD figures), indicating that property value remains competitive and accessible compared to other top-tier destinations.
This combination of a low property index score, abundant amenities, and year-round favorable weather solidifies Cyprus’s position as a leading global choice for international holiday home ownership.
Source: Property Cyprus News