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Tourism drives rental market in Cyprus

Rental investors in Cyprus are continuing to see demand from incoming leisure travellers, new figures have revealed.

Official statistics showed that more than 50,000 holidaymakers visited the Mediterranean island last month, reports the Cyprus Mail.

This included people from various European countries, as holidaymakers came from places such as Germany, Greece and the UK.

Britons were said to account for almost half of the foreign arrivals in Cyprus during January.

The newspaper went on to highlight the growing popularity of the country among Russian holidaymakers.

This is likely to be welcomed by owners of rental accommodation in Cyprus, as it means the island is continuing to appeal to new consumer bases.

According to a recent report in the Mirror, the Paphos area is particularly popular with overseas property owners from the UK.

The newspaper also informed prospective buyers that its housing market has seen considerable growth in recent times, with values rising by about 80 per cent in the last few years.

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