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CYPRUS TOURISM REVENUE SHOWS INCREASE AGAIN

Antonis Loizou are currently marketing Aphrodite Gardens in Paphos bringing to the market a selection of one, two and three bedroom apartments in a self contained residential complex along with communal pool. This new development constructed to the highest standards is situated in the favoured Kato Paphos area in close proximity to the harbour and the cosmopolitan area.

Its location could not be better suited and with thoughtfully presented apartments offering spacious accommodation they are ideal as permanent homes or as a holiday home. Each apartment offer fully fitted kitchens, fitted wardrobes, private car parking spaces and pergola covered verandas. The architecture is in keeping with traditional Cypriot designs and blends in with the surrounding area but with the advantage of being brand new. Prices start from just £55,993 for a one bedroom apartment rising to £124,857 for a three bedroom apartment.

Earnings from tourism recorded a further 2% increase this October over and above the same month last year bringing revenue from the tourism industry up to £122.9 million in October compared to £105.5 million in the same month last year.

These figures once again prove that Cyprus has made big inroads into attracting even more tourism and now with over 640 million Euros of EU funding to further enhance the appeal of this Mediterranean island the continued success of Cyprus is assured.

Figures from the statistical service show that for the first 10 months of 2006 income for the tourism sector is estimated at £960.9 million compared to £932.2 million, for the same period last year. This demonstrates a 3.1% increase. It has also been recorded that British holidaymakers have the highest capita expenditure followed collectively by Russians, Austrians, Irish and Belgians.

Peter Christofi Overseas Marketing Manager for Antonis Loizou & Associates says, “Cyprus is getting used to receiving good news in recent times. After the initial surprise and success of receiving such a big windfall from the European Union we are extremely pleased with the monthly and yearly increases as against last year. This is once again demonstrating Cyprus’ Strategic Plan to increase Tourism across the board is starting to pay dividends. I was not surprised to see that the British have the highest per capita expenditure but I was pleased to see that so many other tourists from other countries are now playing catch up. For years British holiday makers were dominate in Cyprus which also had a big effect on our property market with so many choosing to buy second homes here. Although the British presence has further increased from all those years ago we are seeing a marked increase in property investments from other countries with many Russians amongst others now firmly settled here. This once again helps lift the economy to an even higher level and I think our programme of introducing Cyprus as an all year round sports destination with countless facilities and many international standard golf courses will play an even stronger part in Cyprus’ evolution.”

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UK FREEPHONE 0800 032 6203
INTERNATIONAL 00 357 25 871 552

Antonis Loizou & Associates market properties in Cyprus to cater for all budgets and desires starting from £45,000 up to the higher end of the market at over £1 million. As the largest estate agents in Cyprus with over 26 years experience you are assured of peace of mind with their English speaking agents and attention to detail at all times.