Paphos opened up by new flights from BA
Investors in the Cypriot market are likely to benefit from the introduction of new flights to the island. The Cyprus Mail has reported that British Airways (BA) is to launch new direct flights to Cyprus from the UK. The carrier will introduce a daily service between Gatwick and Paphos next month.
The service would help raise the profile of the airport and enhance accessibility to Cyprus and is also likely to lead to an increased number of tourists and overseas property investors considering the island as a viable destination.
Marianna Trokoudes, BA’s commercial manager commented that the launch of this new service reinforced the carrier’s commitment to Cyprus. She added that this could potentially boost the number of tourists visiting Paphos, therefore enhancing its appeal as an overseas investment spot.
Research by airport operator Hermes showed that during 2007, more than six million passengers passed through Paphos and Larnaca airports. Experts have said that since this figure has already been beaten this year, the final number for 2008 as a whole will be a record amount.
Recent report in the Mirror stated that the Paphos is predominantly popular with overseas property owners from the UK. The newspaper further added that its housing market has seen significant growth in recent times, with values rising by over 80 per cent in the last few years.
Popularity: 50% [?]
