In November, domestic stocks and funds suffered across the board, with none achieving positive returns, leaving domestic investors in urgent need of better investment channels. Meanwhile, in Europe, with the influx of global investors, the Cyprus economy is rebounding after hitting a low point during the European debt crisis. Currently, local property prices are rising steadily, and the supply of ready-to-move-in homes is rapidly decreasing.
On December 8, the Cyprus Property Investment and Immigration Seminar held simultaneously in Shanghai, Guangzhou, and Shenzhen by Worldway (www.worldwayhk.com) saw another surge of interested investors. On one hand, the preferential policy of waiving property transfer fees in Cyprus is set to expire by the end of the year. On the other hand, the latest news that the fastest permanent residency application approved for a Worldway client took only 21 days has further boosted investor confidence. Additionally, to help investors catch the last train for the property transfer fee waiver, Worldway Immigration is now launching its final major customer appreciation promotion for 2012: "3 Million Cash Gift + 0 Cost Trip to Cyprus for Inspection."
As a European tourist destination with abundant sunshine, a pristine natural environment, hospitable people, and excellent public safety, Cyprus has welcomed many investors to settle down since the introduction of its residency by investment policy. From the current perspective, this is the best and final opportunity for Cyprus residency by investment. All favorable factors are concentrated within the final week of December; missing this period will result in significantly higher costs for obtaining Cyprus property and securing EU permanent residency for the whole family compared to the past.
