The Cyprus Tourism Organisation (CTO) has announced the opening of a new air connection between Larnaca airport and the Birmingham International Airport by the “Monarch Airlines”, next spring.

According to an announcement, issued here today by the CTO, from March 29, the “Monarch Airlines” will begin operating the new connection twice a week, on Wednesday and Sunday.

The CTO pointed out that the new air connection consists a significant development to improve the Cyprus accessibility.

So far, the “Monarch airlines” operate flights to Larnaca from the airports of Gatwick, Luton and Manchester.

The Cyprus Tourism Organisation also noted that a number of airlines, like Easyjet, Sky-Europe, Flyglobespan, Jazeera, Lufthansa and Emirates, have either initiated air connections with Cyprus, or expanded their routes to Cyprus.

“The CTO will soon announce a strategic plan for developing new air connections between Cyprus and other international airports”, added in the announcement.

Source: Financial Mirror

According to Gulf Weekly thousands of expatriates are enjoying the financial benefits afforded to foreign nationals who take up permanent residence in Cyprus. Lower costs of living, favourable tax regime and a warm, sunny climate have all contributed to the island’s success story.

The publication also highlighted that housing costs are playing a powerful role in helping UK nationals to decide where to relocate. The price of a house in Cyprus is much lower than that of a comparable property in a place such as Spain or France and the island is currently benefiting from a prospering economy.

The report concluded that “Cyprus [is] firmly in the top slot for Britons seeking a more attractive destination in retirement”.

The Telegraph also recently highlighted the appeal that Cyprus has for foreign nationals and property investors, citing the recent change from pounds to euros, favourable interest rates and rising house prices.

Investors in Cyprus could benefit from continuous demand for rental accommodation, according to an expert.

Property writer Mark Dale stated that since the Mediterranean island was hot and sunny for 12 months of the year, it was consistently popular with tourists.

He commented:  “Since holidaymakers travel to the region during all four seasons, investors could potentially earn higher rental income than in other markets.

"An all-year-round rental season is a huge bonus, especially with more and more holidaymakers looking for winter sun. Cyprus is also easily accessible, as it is serviced by a number of budget airlines. This meant that the Island is likely to attract more people in the next few years”.

Source: The Move Channel

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