New flights to Cyprus boost rental investment
Owners of rental accommodation in Cyprus could be set to see greater demand in the next 12 months as a budget airline has begin operating a new route between UK and Cyprus.
Monarch has started running its twice-weekly service between Larnaca and Birmingham Airport from March 2009. The move further enhances the ease of access to Cyprus, which could the Mediterranean island a popular choice for holidaymakers in summer. Furthermore, the improved connectivity could enhance the appeal of Cyprus among foreign property investors, particularly lifestyle buyers in the West Midlands.
Liz Savage, managing director of Monarch, commented: “I am sure that the people of the Midlands will warmly welcome the introduction of this service.”
According to Travel and Tourism News, the Mediterranean island is increasingly being seen as a year-round holiday destination. As a result, more and more people are choosing to visit at various times of the year, including during the winter.
This has led to growing interest in the Cypriot market among lifestyle buyers and rental investors. “Many choose to spend extended holidays in their properties, visiting several times a year,” said Travel and Tourism News.
In related news, Thomas cook said that the island offers “guaranteed sunshine”, therefore allowing investors to earn money from rent all year round. The country is still an attractive option for many British holidaymakers, as it is “as popular as ever”.
Popularity: 23% [?]
