A Popular Tourist Destination

Cyprus has a long history of popularity as a tourist destination that dates back for years, offering three hundred days of sunshine a year.

The Euro Factor

With the recent entry into the EU, the arrival of the Euro and ambitious government plans to support and promote tourism, there has never been a better time to invest in property in Cyprus.

Large Expat Community

Expatriates relocated to Cyprus for retirement or business purposes account for 9.4% of the population (Source: National Website of Cyprus) creating a thriving property market.

Strategic Location

Cyprus's strategic Mediterranean location on the doorsteps of Europe, Asia, and Africa, naturally attracts a steady stream of tourists. More than thirty-three airlines operate scheduled flights to and from Cyprus with prices starting from as little as £90 one way.

This creates a strong demand in both the holiday rentals and second homebuyers markets.

Cyprus Has it All

Cyprus has a great deal to offer visitors, including the opportunity to ski in the mountains in the morning and sunbathe on the numerous clean, safe beaches in the afternoon. There are also breathtaking interior mountain trails and drives, and an intriguing mix of historic sites, left behind as each civilisation took and occupied the island for themselves.

This combination of activities, with a very friendly local people, a relaxed way of life and low cost of living, provides a haven for the savvy tourist. The widespread use of English, and driving on the left, adds to the appeal for British visitors, which in turn drives the property market for overseas investors.

A Long Term Strategy to Further Improve Infrastructure

A long-term strategy for 2010 is currently being implemented by the Cypriot Tourism Organisation, in order to upgrade the industry and secure sustainable development of tourism in Cyprus. The strategy includes the extension and upgrading of airports and infrastructure with the aim of 'supplying top quality facilities and high service levels as a matter of great priority'.

The strategy plans to increase visitor numbers to 3.5 million by 2010, which will represent increased revenues of £1.8 billion, with the UK named as a high priority market in achieving these goals. This increase will create an unprecedented demand for Cyprus real estate, increasing both capital growth and rental returns.

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