According to official statistics released by the Cyprus Land Registry and the Survey Department, property sales in Cyprus increased by 39% year-on-year in November 2017. In fact, the trend of growing property sales in Cyprus has gradually become apparent since 2017. In recent months, sales increased by 27% in August, 8% in September, and 18% in October.
Since January 2017, property sales in Cyprus have blossomed nationwide, with overall property sales increasing; property prices in 2017 rose by 4% compared to 2016. Limassol and Paphos remain the two most popular cities for foreign buyers; high-end property sales above €1.5 million increased by 59% year-on-year; the number of property sales contracts received by the Land Registry increased by 20% year-on-year.
From the perspective of overseas investors’ purchases, property sales in the entire overseas market have increased by 45% compared to the same period last year. Coastal cities in Cyprus, such as Larnaca and Paphos, have been popular areas among overseas investors.
The domestic property market in Cyprus is booming, which significantly increases the confidence of investors seeking citizenship through property acquisition in Cyprus. The continuous rise in property sales in Cyprus and the increasing willingness of domestic investors to invest in Cyprus demonstrate the investment value of real estate here.
According to Trade World’s summary of the top ten immigration events of 2017, European immigration is heating up, and Cyprus experienced waves of investment last year. As one of the popular destinations for investment immigration, a continuous influx of domestic enterprises and investors has been seen in recent years. The ongoing inflow of overseas capital and an expected 3% economic growth over the next three years indicates a bright future for investing in Cyprus. Currently, the Cypriot economy is gradually recovering; this is the golden time for investment—invest early, reap rewards early!
Travel to Multiple Countries: By participating in the Cyprus Citizenship by Investment Program, investing €2 million in real estate can secure European Union citizenship for the entire family, allowing visa-free travel to over 150 countries and regions. It also permits free entry, residency, work, study, and business operations in 27 European Union countries, as well as the opportunity to settle in countries like Switzerland and Norway.
Asset Allocation: Additionally, properties in Cyprus come with permanent ownership and no inheritance tax, which has attracted many investors. Immigrating to Cyprus can serve as a stepping stone to invest in other European countries and globally, facilitating a smooth expansion of business and global asset allocation.
Enjoy Various Social Benefits: In terms of education, healthcare, food safety, living environment, and more, Cyprus can be regarded as quite excellent. Immigrating to Cyprus allows children to receive top-tier European-style elite education while providing the family with free healthcare benefits.
Investment experts from Trade World suggest that investing in property in Cyprus, where the economy is continuously growing, is one of the better choices. With the continuous improvement of various projects in Cyprus and an influx of tourists, the future economic return on investment in property is expected to be significant. By investing €2 million in real estate, investors can swiftly apply for residency in Cyprus for their entire family and achieve both wealth and citizenship. Consultation hotline: 400-138-2929.