Recently, RICS (Royal Institution of Chartered Surveyors) released a real estate price index report for Cyprus for the second quarter of 2018, stating that prices for villas and apartments increased by 1.3% and 2.1% respectively on a quarterly basis.
The rise in real estate prices is attributed to the recovery of the Cypriot economy. After seasonal adjustment, the quarterly GDP growth rate in Cyprus was 0.8%, with an annual growth rate of 3.9%, and the unemployment rate fell from 10.6% a year ago to 7.3%.
Meanwhile, increased confidence in the Cypriot banking system and improved availability of financing are among the reasons for the higher transaction volume this quarter, which has further boosted market sentiment.
With the continuous boost in the Cypriot economy, the real estate market has become increasingly active. Property prices in major cities have grown, and rising rents along with improved rental yields have secured investment returns. Overall, the Cyprus real estate market is surging ahead, marking a golden period for investment.
Through the Cyprus Investment Programme, by purchasing Cyprus real estate worth over 2 million euros—whether a single property or multiple properties—you can obtain permanent ownership of the property, participate in the Cyprus investment market, and share in the investment dividends brought by property appreciation. Furthermore, you can quickly obtain a Cyprus EU passport for three generations of your family in one step. On one hand, this achieves the goal of global asset allocation; on the other hand, it provides an EU status, facilitating the internationalization of your career and lifestyle in Europe, while allowing your whole family to enjoy generous EU benefits in education, healthcare, and retirement—a move with multiple advantages.
Holders of a Cyprus EU passport can not only travel visa-free to more than 150 countries and regions worldwide, but also enjoy a 1=32 advantage! That is, holding one Cyprus EU passport allows for free movement, work, and residence across 32 European countries, including the 28 EU member states (such as the UK, Germany, Austria, Italy, France, Finland, etc.), the 3 member states of the European Economic Area (Norway, Iceland, Liechtenstein), and Switzerland, while enjoying the generous benefits of EU citizenship! Under certain conditions, it also makes it easy to indirectly immigrate to multiple other European countries.
Currently, as Cyprus is in a golden period for investment, the number of applicants for the highly advantageous Cyprus Investment Programme is bound to continue increasing. The Cypriot government has previously announced that starting from 2018, the Cyprus Civil Registry and Migration Department has set a quota of 700 investment applications, extended the processing time for submitted applications to 6 months, and conducts due diligence on every application. This series of policies means that the threshold for the high-value Cyprus Investment Programme will continue to rise. Immigration experts remind applicants interested in investing and immigrating to Cyprus to seize the opportunity and plan early.
Investment immigration is a long and complex process; choosing a formal, professional immigration agency with good government relations is crucial!
As one of the Top 500 Asian Brands, a leading investment immigration agency, and a pioneer in Cyprus investment immigration, Worldway Group has always been at the forefront of the industry in promoting the Cyprus EU passport program: in 2011, it was among the first to introduce the Cyprus permanent residency and citizenship by investment programs to China, starting a wonderful journey of European investment immigration; in 2014, it successfully held the "Paphos Night" event in Beijing and Shanghai, which was the first investment and cultural exchange event in China themed around a European city. Furthermore, for many years, Worldway Group has maintained a good relationship with the Cypriot government and is your solid backing on the path to obtaining a Cyprus EU passport.
The European economic recovery is ushering in a golden decade for investment. Choosing to invest and immigrate to Cyprus during its golden period is a wise move! For more details, consult with one click: 400-138-2929.