Cyprus has ranked first in online searches for properties overseas by Chinese real estate investors during the second quarter of 2015, according to data released by Chinese property portal Juwai.com.
Indeed, the Juwaui.com Purchasing Intent Index indicated that Limassol and Paphos were the most popular destinations investors searched for. These locations were followed in popularity by Spain, Italy, Greece and Portugal.
Prospective investors were most interested in properties averaging at €720,058 during the period, down 3% in comparison to the average value of €739,952 recorded during the previous quarter.
"The index for Cyprus has climbed highest,” the report commented, “by 450% for the period – albeit from a low starting point in absolute numbers. This trend points to growth in future property transactions by Chinese buyers which will benefit these hard-hit economies."
It also revealed that the index increased 102% since the previous quarter and 351% since last year, and points to the appeal of Cyprus' golden visa programme, currently one of the most affordable countries in Europe for residency to Chinese property buyers.
The Juwai.com Purchasing Intent Index tracks online property hunting activity on one of China's largest property portals, such as property searches, property detail page viewings, email enquiries, clicks to view, agent phone numbers and more. The data is not based specifically on transaction activity but on the property hunt activity that precedes and leads to transactions.
Indeed, the Juwaui.com Purchasing Intent Index indicated that Limassol and Paphos were the most popular destinations investors searched for. These locations were followed in popularity by Spain, Italy, Greece and Portugal.
Prospective investors were most interested in properties averaging at €720,058 during the period, down 3% in comparison to the average value of €739,952 recorded during the previous quarter.
"The index for Cyprus has climbed highest,” the report commented, “by 450% for the period – albeit from a low starting point in absolute numbers. This trend points to growth in future property transactions by Chinese buyers which will benefit these hard-hit economies."
It also revealed that the index increased 102% since the previous quarter and 351% since last year, and points to the appeal of Cyprus' golden visa programme, currently one of the most affordable countries in Europe for residency to Chinese property buyers.
The Juwai.com Purchasing Intent Index tracks online property hunting activity on one of China's largest property portals, such as property searches, property detail page viewings, email enquiries, clicks to view, agent phone numbers and more. The data is not based specifically on transaction activity but on the property hunt activity that precedes and leads to transactions.