Vilanos Properties in Cyprus
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Vilanos Real Estate Agents has been active in the safe of property in Cyprus in particular the town of Limassol for the last 50 years. Our experience, loyalty, professionalism and vast collection of properties is at your service and we look forward to meeting and assisting dream home or a lucrative investment oppprtunity.

Rise in the tourist revenue and the budget according to Alpha Bank.

The tourist revenue in Cyprus has risen to 2.1% (on an annual basis) in September, according to the financial newsletter of Alpha Bank. Specifically, they have risen to €378,8 million from €371,0 million in September 2017. Also, the arrivals of tourists have risen to 7.5%, on an annual basis and have reached to 520,138 people from 438,716 in September 2017.  In contrast, the revenues per day were on a lower level to €76,66 from €79,06 in September 2017, as well as the revenues per person to €728,23 from €766,89 in September 2017.

Regarding the budget, according to the financial newsletter, surplus has risen to 72,1%, on an annual basis, in the first ten months, and as a result it has risen to €852,8 million (4,1% of GDP) from €495,4 million (2,5% of GDP) of the first ten months of 2017. The expansion of the surplus resulted from the higher increase of the revenue in comparison to the expenses.

More analytically, the revenues of the budget were higher 8,5%, on an annual basis, mainly due to the rise of the income from the VAT and the contributions to the social insurance. Simultaneously, the expenses of the budget have risen to 2,8%, on an annual basis, mainly as a result of the higher costs of payrolls and social welfare.

For Russian Speakers: Russian 00357 9777 8833 | For Chinese Speakers: Chinese 00357 97778822 | For Arabic Speakers: Arabic 00357 9777 8866
Vilanos Real Estate Agents Ltd Registered & Licensed Real Estate Company Reg. No. 525 Lic. No. 357/E
Limassol Head Office: 275 Agias Phylaxeos-Agia Phylaxis 3116, P.O.Box 56583, 3308 Limassol, Cyprus
00357 25 77 11 88 00357 25773366 Skype VilanosAgents
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