WorldWay Immigration has learned that Cyprus's tourism industry is booming! The number of visitors in March 2018 reached 192,090, compared to 140,873 in February 2017, marking a year-on-year increase of 36.4%.
From January to March 2018, the number of visitors to Cyprus was 369,438, while the same period in 2017 saw 285,693 visitors, representing a 29.3% increase in 2018, setting a historical record for visitor arrivals in Cyprus during the first quarter.
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 emphasizes the construction and improvement of education, healthcare, and national public facilities, focusing on enhancing the quality of life for local residents. Additionally, Cyprus boasts top-notch educational standards, breathtaking scenery, a pleasant Mediterranean climate, and a safe living environment, making it increasingly attractive to international investors. Many have set their sights on Cyprus, purchasing properties there. By investing in real estate in Cyprus, one can also obtain EU citizenship 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 Germany, Italy, France, and 27 other EU countries, as well as Switzerland, Norway, Iceland, and Liechtenstein), enjoying equal benefits as citizens 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 rising, and property prices will also increase accordingly. Therefore, WorldWay Immigration experts remind potential investors interested in immigrating to Cyprus to seize the opportunity and plan early. For more information, please call: 400-138-2929.
