Why Increased Passenger Traffic in Cyprus is a Positive Sign for Property Buyers
For those considering buying property in Cyprus, the recent increase in passenger traffic at Larnaca and Paphos airports is a promising sign of the country’s growing appeal. In October 2024, passenger traffic at these two airports rose by 7.14 per cent compared to the same period in 2023, according to the Transport Ministry. This resulted in a record 1.3 million travellers passing through the island, underscoring a surge in tourism and overall interest in Cyprus.
This increase in visitors is a strong indicator of the country’s booming tourism sector, which has positive ripple effects on the property market. As more people visit Cyprus, the demand for holiday rentals and investment properties continues to rise, making it an opportune time for buyers to enter the market. For potential property investors, this uptick suggests a growing pool of potential renters, whether for short-term holiday lets or long-term stays, leading to higher rental yields.
Moreover, the increase in passenger traffic reflects the broader economic stability and attractiveness of Cyprus as a destination, not just for holidays but also for relocation. With stunning beaches, a favourable climate, and a low cost of living compared to many European countries, Cyprus has become an increasingly popular choice for expatriates seeking a better quality of life.
For prospective property buyers, this record-breaking traffic is a green light signalling a thriving market. Whether you’re looking for a holiday home, a buy-to-let investment, or a permanent residence, the current trends suggest that investing in Cyprus property could yield both financial and lifestyle benefits. The increasing interest in the island highlights its potential as a growing hub for tourism, investment, and long-term living.
