Cyprus 'attracted more visitors last year'

Cyprus rental investors will have seen greater demand over the last year, new figures suggest.

Official figures cited by the Financial Mirror showed that the number of visitors to the Mediterranean island went up by 0.6 per cent in 2007 to 2.4 million.

This means that rental accommodation will have been in higher demand than during the previous year, a development that could be potentially lucrative for property owners.

Many investors will have been able to benefit from not only higher occupancy rates but also larger rental yields.

The positive growth in the tourism industry was reflected in the overall revenues it generated, which went up by 5.9 per cent to £1.4 billion.

This could serve to encourage more investors to consider buying a property in Cyprus, as it shows that while property owners are benefiting directly, so is the island as a whole.

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