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May 11, 2007

Cyprus major tourist hotspot

According to a leading real estate company, the east of Cyprus could now be developed into one of the leading hot spot for property investors and a property destination in the whole world.

According to the managing director of Buy Abroad, John Reilly, he firmly believes that fly to let in that region is indeed a major area of growth, especially with the latest expansion of the airport in this region – which would mean an increase in the opportunities for tourists, locals and foreigners to take short and low-cost breaks.



When Mr. Reilly first spoke to Firstrung Now, he stressed the positive prospects of areas around Larnaca.

“I would still buy Cyprus property around the east area, especially around Larnaca, and if you want equity growth,” Reilly said to Firstrung Now. “This is a lot cheaper, less expensive and this is a lot easier to get to than it was before, than to say, a year ago,” explained Reilly.

There have also been a massive interest of the tourism property investment on the country, especially eyed by the Cypriot Tourist Board, and they have already established a new agreement with leading airlines so that they can provide regular flights to the region.

Many visitors are then attracted to the affordable airline fares and very nice weather and climate as well as by the wide range of attractions offered by the city including the Larnaca Castle and the unspoilt and pristine white beaches.

Posted on: Cyprus

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