According to official data released on March 5, Cyprus achieved a historic high in tourism revenue in 2017. Cyprus is one of the world's top holiday destinations and a safe haven in the Mediterranean.
According to the Cyprus Statistical Service, last year's tourism revenue reached €2.63 billion (approximately $3.23 billion), breaking the previous record of €2.36 billion set in 2016, representing an increase of 11.7%. With the total number of visitors to Cyprus in 2017 exceeding 3.65 million, a 14.6% increase from 3.18 million in 2016, a new record was set, and tourism spending also surged. In 2017, tourism revenue accounted for approximately 12% of the GDP of Eurozone member states, ensuring a rapid economic recovery.
The economic recovery has brought numerous positive phenomena to the investment market, with its relatively stable investment environment and substantial returns attracting many Chinese investors. Data from the Cyprus Land and Survey Department shows that Limassol and Paphos are experiencing the fastest growth, with year-on-year increases of 32.35% and 29.15%, respectively.
Choosing to invest in Cyprus allows for a quick application for immigration to Cyprus, enabling the entire family to obtain EU citizenship and enjoy the generous benefits afforded to EU citizens. EU citizens can freely enter, reside, study, and work in other EU member states and European Economic Area countries (including Switzerland, Norway, Iceland, and Liechtenstein), and can travel visa-free or obtain visas on arrival in over 150 countries and regions worldwide, serving as a golden key to access EU countries. Holding a Cypriot passport also provides access to various benefits such as education and healthcare, and allows for investment and financial management within the EU. As EU citizens, individuals can invest their assets in the EU countries with the best economic development, ensuring the preservation and appreciation of their wealth.
Currently, as long as you invest in real estate in Cyprus exceeding €2 million, whether it is one property or multiple properties, as long as the total value exceeds €2 million, you can apply for immigration and obtain EU passports for the entire family. This is a convenient immigration option for those looking to settle in Europe. Therefore, it is evident that those interested in investing in real estate in Cyprus should act promptly! Do not miss the opportunity to invest in real estate. For more immigration information, please call: 400-138-2929.
