Cyprus and the canaries 'flying high'

Cheap air travel is a major boost to property markets of Cyprus and the Canaries, according to experts…

Mark Bodega, Director of currency specialist HiFX commented: “Investors in the two destinations can achieve the greatest capital value premium because low-cost flights are widely available. Cyprus and the Canary Islands are established and medium-distance markets, and both be reached in about four hours.

"The ease of access to a property has a real impact on its success as a holiday home as well as its future sale value."

Established markets such as Spain were also said to have benefited from the aviation sector, as it was "well served" by low-cost carriers. This comes after a study by the Hogg Robinson Group found that the most popular routes offered by airlines were carrying more passengers than they were last year.