Cyprus has held onto its top position for the second year running as the preferred property investment destination for 2009 according to a survey of 500 readers in 74 countries by Jet to Let magazine.

France retained its second position but Spain, last years third spot, fell to sixth as its market continues to struggle. Brazil and Germany disappeared from the list completely while the UK has entered for the first time in eighth position."Given the current economic climate and the negative media coverage surrounding property investment, this survey shows that investors can see beyond today and realise that property has few rivals in terms of medium to long term prosperity and risk" said Dominic Farrell, editor of Jet to let magazine.

"Given a choice between equities or other financial instruments and property, I know where I’ll continue to put my money. This is a moment of opportunity for investors and those who take action will reap the benefits in years to come. We will not always be in a recession and the economic policies being adopted now will eventually bear fruit. The catalyst for a recovery will be a return to lending by banks around the world".


Jet to Let 2009 survery results

1. Cyprus

2. France

3. USA

4. UAE

5. India

6. Spain

7. Italy

8. UK

9. Morocco

10. Greece/Turkey

Philippou Properties are experts on investment within the Cyprus property market with a friendly and professional team residing on the island.

For more information about our developments please contact me on freephone 0800 917 1 917 or email info@pp-cyprus.com