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03/04/07 - Cyprus to Benefit From New Budget Flights |
With recent fierce competition between budget airlines,
it seems that Cyprus is set to reap the benefits. Assetz property reports that Monarch Airlines has entered the
market this week, offering flights from £69.99 one way between Luton and Larnaca. Monarch claims that the service
will be "breaking the stranglehold" currently exercised by national airlines such as British Airways.
Tim Jeans, managing director of Monarch's scheduled services, said the company was "delighted" at the development,
and was expecting the new service to be "warmly welcomed" by the "growing holiday and overseas property markets in
Cyprus".
With a steady stream of tourists and foreign visitors maintaining a buoyant market over the years, Cyprus remains a
popular destination for holidaymakers and investors alike.
Paphos set to capitalise with new developments
The popular resort town of Paphos has several developments planned that will increase its attraction for
holidaymakers. Situated on the coast, there are plans to regenerate both the old harbour and the surrounding
beaches, with a 1,000-berth marina slated for construction in the Coral Bay area.
Paphos can also lay claim to being the golfing capital of the island – there are three courses in the area and plans
for a further six, one of which will be PGA championship course.
Perhaps the biggest news for Paphos, however, is the planned 'Neapolis' development. Estimated to cost around £500
million, the complex will have many impressive features. A new university will sit alongside a hospital and an
international business centre, while there will be also be sports and leisure facilities and a theatre. |
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Check out property in
Cyprus here... |
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