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Investors to benefit from Cypriot tourism boom

Article Date : Monday, October 22, 2007       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

Authorities in Cyprus have recorded an increase in the number of tourists this year, potentially boosting investment prospects on the island.

During the year to September 2007, there was a 6.4 per cent increase in tourism in Cyprus, according to official figures cited by the Financial Mirror.

This was found to be due to a surge in the number of holidaymakers originating from countries as diverse as Russia, Sweden and the United Arab Emirates.

Meanwhile, more than half of the tourists visiting Cyprus were said to have come from the UK.

Figures showed that during this period, the number of Britons taking a holiday on the Mediterranean island rose by 4.7 per cent to 178,664.

Earlier this month, property writer Mark Dale said that Cyprus was an ideal location for investors in rental accommodation, as there was continuous demand from tourists all year round.
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