According to the results of the Cyprus Statistical Service's passenger survey, the number of visitors in February 2018 was 101,481, compared to 82,209 in February 2017, representing a year-on-year increase of 23.4%. The number of visitors in February 2018 set a record for the highest number of visitors in February in Cyprus to date.
From January to February 2018, the number of visitors to Cyprus was 177,348, while in the same period in 2017 it was 144,820, marking a 22.5% increase in 2018, which is a historical high for the number of visitors arriving in Cyprus during January and February.
The continuous boom in the tourism industry has driven the development of the Cypriot economy, and the real estate sector has also seen steady and orderly growth. The government places great importance on the construction and improvement of education, healthcare, and national public facilities, with the core aim of enhancing the quality of life for local residents. Additionally, Cyprus boasts numerous advantages such as top-notch educational standards, breathtaking scenery, a pleasant Mediterranean climate, and a safe living environment, which have attracted an increasing number of international investors to focus on Cyprus. By purchasing real estate in Cyprus, investors can also obtain EU passports for three generations. Holding a Cypriot passport allows visa-free travel to over 150 countries and regions worldwide, and the freedom to live, work, and study in 31 European countries (including 27 EU countries such as Germany, Italy, and France, as well as Switzerland, Norway, Iceland, and Liechtenstein). Citizens enjoy equal welfare benefits in the 27 EU countries.
It is evident that in the growing economy and increasing number of tourists in Cyprus, investing in real estate is one of the better choices, especially driven by the surge in European property immigration. The transaction volume of Cypriot real estate is expected to continue to rise, and property prices will also increase accordingly. Therefore, the immigration experts at WorldWay Immigration remind potential investors interested in immigrating to Cyprus to seize the opportunity and act early. For more information, please call: 400-138-2929.
