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Top 5 Reasons to Invest in Cyprus Today – #5 Uptick in Real Estate Market
May 15, 2017 - Cyprus
In the last of this five-part series, we look at the benefits Cyprus real estate investment, recent trends in the real estate market in Cyprus and Cypriot citizenship by investment.
House prices in Cyprus, as measured by the House Price Index, rose during the 4th quarter of 2016 by 3.1% compared to the previous quarter and by 2.8% compared to the same quarter of the previous year, according to Eurostat.
The number of sales contracts for properties submitted to the Land Registry Department also rose to the highest level in six years in March 2017, according to information released by the Department of Lands and Surveys. A quarter of the sales deeds submitted in 2016 involved overseas buyers.
Real estate in Cyprus offers plenty of options for the investor – from holiday homes in popular resort destinations to affordable luxury and premium segment options with high-quality construction specs, as well as commercial and residential offerings in popular areas aimed at the local Cypriot market.
Cyprus Citizenship Through Real Estate Investment
An investment of €2 million (ex VAT) in real estate can make you and your family eligible for Cyprus Citizenship in 6 months with no requirement to reside in Cyprus. PassPro Immigration Services will personally accompany you to advise on the best projects and units to invest in. A wide variety of properties are available in popular cities such as Limassol and Paphos and we would be happy to arrange viewings at your convenience. Call us today on +971 4 554 1449 or email email@example.com
Stay tuned for answers to all your questions on obtaining Cyprus Citizenship through Investment – from modes of investment, to timelines and how much tax you will pay, follow PassPro Immigration Services on LinkedIn, Twitter @PassProNews, Instagram @PassProCitizenship or Facebook/PassProCitizenship