Recently, media reports indicated that on May 17, an international corporate group and real estate investment group registered in Hong Kong acquired a highly promising investment project in Cyprus, Venus Rock, for €290 million. The news immediately ignited the European real estate market, attracting close attention from major global investors and stirring the hearts of investors once again.
According to reports, this investment project includes two golf courses, a five-star hotel, two community sports centers, a commercial leisure center, and a series of luxury residences. The Asian consortium has also shown great sincerity in this acquisition, promising to repurchase properties in the Venus Rock project for clients who have already paid deposits, and will vigorously develop the project in Cyprus over the next 12 months while simultaneously engaging in ecological construction to protect the azure sea of Cyprus.
In fact, this cross-continental investment is not the first of its kind. Earlier this year, the latest Forbes Wealth List for 2013 revealed that Asia's richest man, Li Ka-shing, sparked waves in the investment community with the statement "Li Ka-shing's Way to Wealth: Cashing Out in Hong Kong to Buy Low in Europe." The reason Li Ka-shing is making such significant investments in the overseas property market is precisely due to the considerable profits offered by European real estate.
Among the clients of WorldWay Immigration, there are also those who have seized the opportunity to buy low in the European real estate market: during the Cyprus banking crisis, a couple, the Wu family, decisively purchased two fully furnished hotel-style apartments in a prime location in Paphos for €300,000, with the developer promising a five-year rental guarantee. Not only did the entire family obtain EU citizenship, but they will also have considerable profit potential in the future.
Experts from WorldWay Immigration believe that the financial market in Cyprus is stabilizing in an orderly manner, while real estate prices are at a low point. Currently, properties are not only more affordable than last year, but developers are also willing to offer more services, such as rental guarantees and furniture packages. Therefore, Chinese investors, including clients of WorldWay, are flocking to Cyprus to "buy low," believing this is an excellent golden investment season.
Cyprus has been at the forefront of the European economic situation in the first half of 2013. This time, the Asian consortium, with its strong capital, has demonstrated its expectations for the Cypriot economy, proving the significant investment potential of its real estate market and the considerable future returns, which also injects a dose of confidence into hesitant Chinese investors considering immigration, restoring their faith in the Cypriot real estate market.
