26 August 2014

The Battle for Cyprus

The island of Cyprus is reliant on tourism which represents approximately 12% of GDP.  The latest figures from the Cyprus state statistical service shows a 22.6% increase in the number of visitors from Russia in July 2014. Over 116582 Russians visited the island compared to 96641 in July 2013.

There was a small dip in the number of visitors from Britain but still the largest number at 127152 for July 2014 compared to 132566 in July 2013.

The total figures for the first seven months of this year are: British 478882, Russians 372457, Sweden 57676 plus many tourists from other countries around the world. During 2013 Cyprus welcomed 2.4 million visitors and it looks like 2014 will see an increase on the previous year. Tourism income brings in around €2.0 Billion per year.

Cyprus is still seen an an ideal location for those who are seeking to purchase a holiday home or retirement or investment property. 

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