More people passing through Cyprus airports

Statistics from Hermes Airports in Cyprus has showed that the number of people passing through Larnaca airport rose to 565,000 last month and around 210,000 passed through Paphos International airport – this is an increase of 5.25% and 0.54% over the same period in 2006.

This is welcome news for property investors in Cyrpus as it shows that Cyprus is increasing in popularity as a holiday destination and this increases the rental potential of properties around the main tourist areas. With the island also planning to become a member of the single European currency early next year, the prospects for the island are good. This will hopefully have a positive knock-on effect on tourism, finances and the housing market.

For those who are looking to buy in a fairly established property market and who are looking for low risk and short to medium gains, on paper, Cyprus looks to be a good bet.

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