Moody's Investors Service states that the Cyprus economy will continue to grow rapidly, which is beneficial for improving borrowers' repayment capacity, strengthening asset preservation and new loans, helping banks improve performance, and reducing non-performing loans.
"We have always maintained an optimistic attitude towards the Cypriot banking system," Moody's continued. "Banks in Cyprus will continue to make progress in restructuring problem loans and selling real estate mortgages, thereby further improving loan quality."
It is evident that the economic level of Cyprus will reach a new peak in 2018. In an environment of year-on-year economic growth, not only has it received official recognition from authoritative institutions, but it has also further instilled greater confidence in numerous investors. Experts from WorldWay Immigration indicate that the investment potential of Cyprus will extend infinitely in the future.
The Cyprus economy is expected to grow by 3.5% this year and by 2.8% in 2019. Moody's has rated the speculative sector of Cyprus as Ba3, three levels. The tourism industry, the recovering real estate market, and "robust domestic consumption" will be the driving forces of economic growth, which is expected to further help reduce the unemployment rate in January to single digits for the first time in six years.
Today, the Cyprus economy is experiencing a strong recovery, making it a golden opportunity for investment. The future rental and sale returns of properties in Cyprus are quite considerable, making it a worthwhile investment with multiple returns!
Currently, investing 2 million euros in real estate in Cyprus can grant the entire family EU citizenship, allowing visa-free access to over 150 countries and regions, free entry, residence, work, study, and business operations in 27 EU countries, as well as the ability to settle freely in countries like Switzerland and Norway. Immigrating to Cyprus also allows children to receive top-tier European elite education and enables the family to enjoy free medical benefits. Moreover, properties in Cyprus come with permanent ownership and no inheritance tax, which has attracted many investors, serving as a springboard for global expansion of careers and asset allocation.
Experts from WorldWay Immigration indicate that the rapid rise in Cyprus real estate is linked to its improving economic conditions, and investment immigrants should seize the opportunity in a timely manner. Investing 2 million euros in real estate also allows for a quick application for immigration to Cyprus, granting the entire family EU citizenship and a dual benefit of wealth and status. For more details, please call the WorldWay consultation hotline: 400-138-2929.