EASYJET has increased its connections to and from Cyprus with the launch of a new flight from Paphos to Edinburgh yesterday, which is set to fly twice weekly.

With the addition of the new connection to Edinburgh – set to fly twice weekly – the airline aims to increase the number of new destinations with direct flights, in their Cyprus network.

“Cyprus constitutes an important section of our European network, with great potential to grow. This is confirmed by the company’s journey so far in Cyprus,” said Stefanos Vakirtzis, regional airport operations manager for easyJet.

The new flight will run on Wednesdays and Saturdays with fares starting at €38 one-way.

The airline, which is one of the biggest in Europe and famous for its cheap tickets, began to meet the needs of passengers in Cyprus in 2008, with four routes from Paphos to London Gatwick, Luton, Manchester, Bristol and one from Larnaca to London Gatwick. Since then there has been a steady increase in passenger movement to and from Cyprus each year.  Between October 2009 and September 2010, Easyjet flew more than 480,000 passengers to and from both Larnaca and Paphos airport.

Published November 2010

Thomson Airways, who fly to Paphos from 14 UK airports will be the first UK carrier to take delivery of the much praised new Boeing 787 Dreamliner aircraft.  This revolutionary airliner, built from lightweight carbon fibre will be the quietest aircraft in service and will afford much greater comfort with increased legroom even in economy.

The debate has begun about whether now is the time to restart investment in Cyprus property. The Cypriot market has fallen among the hardest in the world, because two factors both capable of significantly reducing demand emerged at around the same time:

Of course, the impending doom of a financial world in turmoil was one of them. To be more precise in Cyprus’ case, it was when the crunch struck and then intensified to crisis levels in the UK. Brits and Irish have always been the biggest buyers of Cyprus property, and the UK recession was a massive factor in the collapse of foreign demand for Cyprus property last year.

Unfortunately for the Cyprus property market, the UK falling into crisis late the year before last, came shortly after a crisis of its own: most people have now heard of the Cyprus property deeds crisis, which blew up in a storm of bad publicity 2 years ago, when it emerged that significant numbers of people who had bought off plan property in Cyprus had not received their title deeds, and that this was a lot to do with fraud and dodgy practices within the industry. The scandal plagued the industry last year.

However, both of these problems are likely to cause far less problems for Cyprus in 2010 than they did in 2009.

The British recession finally ended with a 0.1% GDP growth in the fourth quarter of last year, and, more importantly there have been increasing numbers of reports that Brits have been back out there buying property overseas again since the second half of last year.

Also, the Cypriot government has now put legislation in place that pretty much solves the problems people have had securing the title deeds for the properties they purchase.

On top of that, Cyprus was given permission to build 14 new golf courses, one of which has started and more likely to in the coming weeks, months and years. Golf has been a massive draw of tourists and property buyers to Cyprus, and the new courses can only benefit the market.

News Posted On: 01 February 2010 – www.property-abroad.com