Low cost flights from the UK to Cyprus

21 December 2006

Monarch have this week announced the introduction of new low cost air fares for economy flights from London to Larnaca for 2007, pushing Cyprus further up the property hotspot list for 2007.

Cyprus is already tipped as being one of the top 3 investment opportunities in Europe for the overseas investor in 2007, and this news will add more fuel to the buying frenzy.

The award winning airline which was recently named as Leisure Airline of the Year, will introduce this service from March 2007, 4 times a week and is expected to sell flights from as little as £69.99. This makes Cyprus even more accessible to us Europeans, and will certainly help increase the returns on any property investment, as the rental opportunities will be even further enhanced due to the increased amount of traffic being able to afford to fly here.

The high fares cartel between Cyprus Airways and British Airways will no longer survive and the flag carriers and chartered airline services will no longer be the dominant operators.

This is fantastic news for the investment community as well as the tourism industry and the 150,000 strong Greek Cypriot community living and working in London. The service will include all of the usual facilities you would expect on a European flight but at a much reduced price.

Investors are cashing in on this opportunity and whilst we are still seeing the property market increase steadily, this makes Cyprus a wise Eastern European investment.