According to the Cyprus Property Price Index report released by an institution for the third quarter of 2017, property prices across the island have seen strong growth since Q3 2017, with the average prices of residential apartments and houses rising by 17.4% and 4.2% respectively.
During this period, office prices rose by 8.8%, warehouse prices by 4.4%, and retail prices by 4.5%. There was a significant increase in prices across all regions and all asset classes. It is reported that the average prices of residential apartments and houses in Limassol rose by 13.2% and 14.3% respectively, while in Nicosia, the highest increase for residential apartments was 19.5%, with both warehouse and retail sectors growing by 7%.
The booming property market in Cyprus has greatly boosted the confidence of investors looking to purchase property and obtain citizenship on the island. Property sales in Cyprus continue to rise, and an increasing number of people are choosing to invest their capital in Cyprus, which is sufficient proof of the investment value of properties here.
Travel to Multiple Countries: Through the Cyprus Citizenship by Investment Program, investing 2 million euros in real estate allows the entire family to obtain EU citizenship. Holding a Cyprus EU passport provides visa-free access to over 150 countries and regions, allows for free entry, residence, work, study, and business operations in 27 EU countries, and also permits settlement in countries such as Switzerland and Norway.
Asset Allocation: Furthermore, properties in Cyprus are freehold and free of inheritance tax, which is highly favored by many investors. By immigrating to Cyprus, one can use the country as a springboard to invest in other European countries and the rest of the world, thereby easily achieving WorldWay expansion and global asset allocation.
Enjoy Various Social Benefits: In terms of education, living standards, medical benefits, food safety, and the living environment, Cyprus is undoubtedly quite excellent. Immigrating to Cyprus allows children to receive top-tier European elite education and enables family members to enjoy free medical benefits.
Worldway investment experts state that investing in property in Cyprus, a country with continuous economic growth, is one of the better choices. With the continuous improvement of various projects in Cyprus and the influx of a large number of tourists, the future economic return on property investment will be substantial. Investors who purchase property for 2 million euros now can also quickly apply for immigration to Cyprus in one step, allowing the whole family to obtain EU citizenship and reap both wealth and status. In 2018, let us look forward to the new opportunities brought by Cyprus. Consultation Hotline: 400-138-2929.
