Cyprus owes it all to the net

The internet has boosted tourist trade in Cyprus over the last ten years…

Property author David Peters recently commented: ‘Online booking is proving to be very popular with British consumers, as it is easier than spending hours waiting at a travel agent.

”This has directly contributed to the recent upturn in the number of British consumers taking foreign holidays, especially in places such as Cyprus. The increased tourist numbers has made the Mediterranean island an ideal place for overseas property buyers to invest in rental accommodation.

He added: "If you buy a Cyprus villa or villas you’ll find the growth of opportunity for renting is booming. The affordability of Cyprus, both in terms of its property prices and overall cost of living, is extremely competitive’.

PricewaterhouseCoopers recently predicted that the country's economy would grow by 4.1 per cent during 2008, more than the Europe-wide average of 2.1 per cent.