International Real Estate Federation World Congress to Be Held in Cyprus

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In May, 2011, the Mediterranean island of Cyprus will be host to the annual World Congress of the International Real Estate Federation, or the FIABCI.

Property for sale in Cyprus - Aphrodite Hills

A Congress of such international calibre honours Cyprus and has both political and financial benefits

In May, 2011, the Mediterranean island of Cyprus will be host to the annual World Congress of the International Real Estate Federation, or the FIABCI. The Federation has 3,500 members who are from 70 different countries all around the world. This is the first time the prestigious international property conference has been held in Cyprus, and it is predicted that the important event will give a needed boost to the region. “A Congress of such international calibre honours Cyprus and has both political and financial benefits” said Antonis Paschalides, Minister of Commerce, Industry and Tourism. The conference will be officially opened by the President of the Republic Demetris Christofias.

Cyprus is a perfect place to host an international conference, as it lies right at the crossroads of Europe, the Middle East and Africa. It has many high-class business conference facilities and luxurious accommodation to provide for the guests of this prestigious conference, not to mention the warm and pleasant Mediterranean temperatures that will ensure the delegates have a pleasant and enjoyable stay in the sunshine. The conference will take place in Paphos, one of the country’s most popular cities and the legendary birthplace of the Greek goddess of love and beauty, Aphrodite.

FIABCI consists of real estate professionals, as well as national real estate associations who come together to represent all real estate disciplines, such as brokerage, property management, valuation and appraisal, and property development and consulting. The Federation is based in Paris, France and has over 1.5 million members in total. There are chapters of this non-political organization in countries all over the world, and the group has five official languages: English, Spanish, German, French and Japanese. This conference will give all of the attending members an opportunity to maximize their business potential by sharing knowledge and information, exchanging contacts, and networking.

The conference is predicted to stimulate investment from the delegates in property for sale in Cyprus. The event will put the spotlight on the fantastic luxury property for sale in Cyprus, and will likely attract a lot of direct property investment. Last year’s conference was held in Indonesia, and during that period the visiting delegates invested a total of nearly one billion dollars in property there. It is predicted that this trend will continue, and that the delegates of the 2011 conference will heavily invest in property for sale in Cyprus. There is no shortage of beautiful property for sale in Cyprus, so the World Congress will be the ideal opportunity to show it off.

Investment in the real estate of this sunny island has improved in 2010, with purchases of property for sale in Cyprus increasing by eight percent, according to the figures. The amount of homes bought by overseas investors has shown an increase in all districts and areas of the country, with sales in the district of Larnaca doubling since 2009. As of November 2010, 1,593 homes had already been sold during that calendar year. Prices of property for sale in Cyprus are low at the moment, making this the ideal time to invest. Also, the attention that the FIABCI conference brings to the island will hopefully put Cyprus in the spotlight and raise its profile as a high class destination for international investors.

The island is excitedly preparing for its role as host to this important international conference next year. Cyprus is very proud of its natural beauty and rich Greek heritage, and tourism officials are eagerly looking forward to showing off its many treasures in May.

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