The attraction of cyprus
As the UK falls into recession and the economic downturn holds the world in its grip, is the love affair between Brits and Cyprus strong enough to survive...?
Cyprus is
one holiday destination that Britons have enjoyed visiting for generations. The
Mediterranean island certainly offers visitors a number of attractions, not to
mention the warmer climate and plentiful beaches. And with proposals to
construct 14 new golf courses on the island in place, it seems that reasons to
head to Cyprus could be growing.
But Some commentators have suggested that Brighton and Llandudno may be
preferred destinations to Lanarca and Ayia Napa this summer as consumers look
to scrimp and save.
Paul Collins, property editor at BuyAssociation.co.uk, admitted that
it is "difficult to predict" whether the tourism industry in Cyprus
will be affected by the downturn, although he suggested that there are a number
of factors that gives the island the edge over some of its major Mediterranean
competitors.
Strong historical ties
Firstly, the history of the island with the British is strong, Mr Collins
stated. "Cyprus has the advantage that it does have a very long history
with people visiting from the UK and people living there from the UK," he
noted.
"It has a very similar judicial system to English law and it has a lot of
other things very similar to the UK; they drive on the left and a lot of the
retail and commerce side of things are very similar to the UK as well," he
said. But crucially the weather is "much better" than back in
Blighty, he added, noting that it is one main reasons why people choose to
holiday in Cyprus.
Furthermore, Mr Collins remarked that the similarities in Cypriot law to that
of English law means buying a property in the country is "pretty
straightforward". He advised overseas
property buyers to seek expert professional legal help, but noted
that the island benefits from having a "well-established system" in
place.
Huge tourism numbers
Additionally, these comments can be backed up by hard facts. For instance,
according to the Cyprus Tourist organisation, 1.3 million Brits visit the
island each year.
And the Statistical Office of the European Communities has predicted
that Cyprus will see the strongest growth in population out of all the EU
countries by 2060. It said that the number of people living there in the next
50 years should increase by 66 per cent.
Thus, even though there may be no certainty over the future of any nation
during the economic downturn, it seems that the sun is certainly shining
favourably on Cyprus.
Source: www.assetz.co.uk