The Cyprus government has finally approved the creation of 14 new golf courses, which will bring the total number on the island to 17. The decision was finalised at a cabinet meeting last Thursday (5th February 2009).
Government Spokesman Stefanos Stefanou said the actual decision had been taken by the previous government.
“It was taken for the purpose of strengthening the tourism product in Cyprus and boosting economic activity,” he said.
Dominic Farrell, director of InvestinCyprus.com Developers, the company behind the much acclaimed Grove Spa Resort in Mazotos says:
“This is excellent news for homebuyers and investors alike and will provide a substantial boost to rental demand, re-sales and economic activity in general. Additionally, seasonality will be reduced in areas surrounding courses as the winter months in Cyprus are ideal for playing golf. Combined with the increase in low cost flights from airlines such as easyJet, we will see a sharp increase in visitors to the island. Owners of high quality properties with all-year-round facilities will benefit most.”
For an article by Jet-to-Let Magazine on the benefits of investing near golf courses click here
