Archive for April, 2008

Increased passenger numbers in Cyprus airports

Figures from airport operator Hermes showed that more than six million passengers passed through the portals at Paphos and Larnaca till November, 2007. TravelConnect said Cyprus attracted 6.4 per cent more holidaymakers in 2007 than it did in 2006. They said that the reasons for the increased numbers are obvious as Cyprus has fabulous beaches, […]

Popularity: 69% [?]

Cyprus booming tourism propels rental market

Financial mirror cited figures from the Passengers Survey and reported that 2.4 million tourists arrived in Cyprus from January to December in 2007 which is an increase of 0.6 per cent from the previous year. Cyprus mail also has reported that government’s official figures showed that more than 50,000 holidaymakers visited Cyprus last month. Holidaymakers […]

Popularity: 49% [?]

Cyprus economy growth boosts overseas property buyers

Forbes mentioned about the government’s official figures as the country’s gross domestic product in 2007 was 4.4 per cent up on the previous year and these figures confirmed the continued economic growth of the island.
Cyprus’s economy is 71.3 percent free and this makes it the world’s 22nd freest economy. Inflation rate is fairly low and […]

Popularity: 45% [?]

David Lloyd Sports Village in Southern Cyprus

David Lloyd and team announced development of branded sports village on the South Coast of Cyprus between Larnaca and Limassol. The development will be a self-contained village developed in a traditional Cypriot style at the same time affording the luxury and convenience demanded by modern life.
Mike Thomson - Managing Partner of Thompson OPI said that […]

Popularity: 44% [?]

Internet boosts Cyprus real estate and tourism

Cyprus is getting more popular with the increase in demand of rental property as many holidaymakers are now utilizing the Internet for online bookings. Property expert David Peters said that online booking has become very popular with British consumers, as it is easier than spending hours waiting for a high street agent. The internet is […]

Popularity: 34% [?]

Property market causes increase in tax revenue

Latest financial reports from the Cyprus Inland Revenue are a testimony for the fact that the Cyprus housing market has been popular among property buyers. According to the Cyprus Inland Revenue Department total tax revenue till November 2007 jumped 43.3% and that is nearly CYP 321 million or EUR 549 which at the same time […]

Popularity: 27% [?]

Overseas investors make the most of Cyprus property

Cyprus is one of the hottest locations currently available for the overseas property investors. Principal International says that with the lack of land being available to develop in Northern Cyprus and strict property planning laws enforced by the government to protect against overdevelopment has resulted in inadequate supply of new builds.
Simon Ryeland, Director of Principal […]

Popularity: 23% [?]

Cyprus tops list in rental property investment

A survey conducted by www.holiday-rentals.co.uk has discovered that property owners have enjoyed a remarkable 6.3 per cent return on their investment in Cypriot property on 18-weeks per year rental. This has made Cyprus a leading rental investment hotspot for 2007.
Cyprus has long been a popular holiday destination for British tourists. English is widely spoken on […]

Popularity: 33% [?]