Shocking! According to estimates from the Cyprus airport operator, the air transport volume in Cyprus will exceed 10 million by the end of 2017. Cyprus in 2017 is undoubtedly filled with good news, which sends an important signal to global investors that the optimal time to invest in Cyprus real estate has arrived, allowing for both wealth appreciation and immigration status.
Cyprus Airport Passenger Volume Continues to Grow
On Sunday, August 6, 2017, the air transport volume at Larnaca and Paphos airports reached an unprecedented scale, with a total of 347 flights transporting 60,000 passengers to and from Cyprus. The Cyprus airport operator recently stated that this phenomenon is quite rare in the history of these two airports in Cyprus.
Data statistics for this year show that the number of passengers at Larnaca and Paphos airports has surged to 5.5 million. It is also estimated that by the end of 2017, the passenger volume in Cyprus will exceed 10 million.
The booming tourism industry in Cyprus, with a continuous increase in tourist numbers, will drive rapid economic development, leading to rising property prices and rents, which will undoubtedly spark a wave of real estate investment.
Rapid Increase in Cyprus Real Estate Sales in 2017
According to data released by the Cyprus Land Registry, real estate sales in 2017 have rapidly increased. In July 2017, the number of sales documents submitted to the Land Registry in Cyprus rose from 625 in July 2016 to 739, an increase of 18%.
Meanwhile, in the first half of 2017, Limassol recorded the largest increase (31%), with sales documents reaching 1,604, compared to 1,221 in the first seven months of 2016. Paphos saw a 27% increase in sales, rising from 850 to 1,083.
Experts indicate that the rapid increase in real estate sales in Cyprus in 2017 is closely related to the improving economic conditions in Cyprus and the upcoming new casino. With various favorable factors, immigrating to Cyprus and seizing the opportunity is key.
Investing in Cyprus Real Estate to Meet Various Immigration Needs
Cyprus has always been one of the popular tourist destinations in the Mediterranean, known as the "Emerald Island" and "the Garden of Europe," touted as a world-class vacation paradise that meets investors' holiday needs.
Cyprus's advantageous geographical location, with frequent economic and trade exchanges with Asia and Europe, indicates that the potential for real estate investment in Cyprus is significant, and investing in Cyprus real estate can also fulfill immigration needs.
Currently, as long as you invest in real estate in Cyprus worth over 2 million euros, whether it is one property or multiple properties, as long as the total value exceeds 2 million euros, you can apply for immigration, allowing your entire family to obtain EU passports. This is a convenient immigration method for those looking to settle in Europe.
Therefore, it is evident that those interested in investing in Cyprus real estate should act promptly! Do not miss the opportunity to invest in real estate. For more immigration information, please call: 400-138-2929.