According to data released by Eurostat, seasonally adjusted GDP in the Eurozone (EA19) and the European Union (EU28) increased by 0.6% in the third quarter of 2017; Cyprus GDP rose by 0.9% compared to the previous quarter.
Additionally, reports from the Cyprus News Agency indicate that seasonally adjusted GDP in the Eurozone and EU countries increased by 2.6% compared to the same period last year, while the Cyprus region saw an increase of 3.9%; this figure indicates that the Eurozone and EU countries maintained a continuous growth trend following a 2.4% increase in the second quarter, with the Cyprus region also maintaining a 3.9% increase from the second quarter.
Cyprus is experiencing sustained economic growth, presenting an excellent opportunity for investment in Cyprus. The hospitality and real estate sectors in Cyprus have flourished. According to relevant data, the Central Bank of Cyprus indicated that the average housing price from April to June this year increased by 3.3% compared to the same period in 2016; the average housing price from January to March increased by 1.5% compared to the same period in 2016. The decline in unemployment and the increase in confidence are significant factors supporting the rise in housing prices in Cyprus.
Investing in Overseas Real Estate Offers Numerous Immigration Benefits
By purchasing real estate in Cyprus, one can obtain EU citizenship for three generations through investment in real estate. Holding a Cyprus passport allows visa-free access to over 150 countries and regions worldwide, and the freedom to reside, work, and study in 31 European countries (including Germany, Italy, France, and 27 other EU countries, as well as Switzerland, Norway, Iceland, and Liechtenstein). In the 27 EU countries, one can enjoy equal welfare benefits as citizens. Immigrating to Cyprus can serve as a springboard for further investment immigration to other European countries and even globally, facilitating the global expansion of business and asset allocation.
Enjoy Social Welfare of Developed European Countries
With a strong economic recovery, booming tourism, and steady development in the real estate sector, the government places great emphasis on education, healthcare, and the construction and improvement of national public facilities. Cyprus boasts first-class educational standards, breathtaking scenery, a pleasant Mediterranean climate, and a safe living environment, making it increasingly attractive to international investors.
Currently, investing €2 million in real estate allows for a fast-track application for immigration to Cyprus, granting the entire family EU citizenship. In this country, land resources are scarce, appreciation is rapid, and the return on investment is high, while also providing European residency status and multiple benefits. For more details, please consult: 400-138-2929