According to reports from the Cyprus News Agency, after seasonal adjustment, the GDP of the Eurozone and EU countries increased by 2.6% in the third quarter of 2017 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 continuing its growth with a 3.9% increase in the second quarter.
Cyprus is experiencing sustained economic growth, and it is also an opportune time to invest in Cyprus. The hospitality and real estate industries 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 the unemployment rate and the increase in confidence are both important factors supporting the rise in housing prices in Cyprus.
Investing in overseas real estate offers numerous benefits for immigration
By purchasing real estate in Cyprus, one can also obtain EU citizenship for three generations through investment in real estate. Holding a Cypriot 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). Immigrating to Cyprus can serve as a springboard for further immigration and investment in other European countries and even globally, facilitating the global expansion of one's career and asset allocation.
Enjoy social welfare benefits of developed European countries
With a strong economic recovery, booming tourism, and a steadily developing 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 euros 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! Moreover, one can obtain European residency status and enjoy multiple benefits!