Cyprus boasts a geostrategic location situated in the middle of three different continents – Europe, Asia, and Africa – an excellent financial infrastructure with the more advantageous tax systems in Europe and the Middle East. In the last 20 years, Cyprus has seen a significant injection of investments from multinational companies, driving international investors and business expansions towards the island. Cyprus has been named the 5th best relocation destination and one of the best locations for doing business by Forbes.
Why is Cyprus ideal for property investment?
According to the Global Property Guide, over 45% of property in Cyprus was acquired by international purchasers in 2019, making it a popular destination for other investors. As per the European Commission, the country's GDP would rise approximately 3.2% in 2021.
Throughout the country, infrastructure development is taking place, making commercial and residential ownership more accessible. Cyprus has two seaports, two international airports, and excellent highways.
The property market has grown vastly over the last two years. The market has grown so much that it has transformed the island's landscapes and skylines, with the number of lucrative projects appearing across the island's key cities.
The new projects cover several properties such as luxury residential residences, casinos, wellness spas, retirement villages, hotels, luxury marinas, and much more. The high-end residential property segment in Cyprus has accounted for 20% of the total transacted amount in real estate in 2019. That is a total of 66% of investments coming from non-EU buyers.
There are numerous opportunities for investment in Cyprus, from holiday homes to hotel properties and land. The return on investment for either property can only encourage financial independence with a passive income coming in.
Is Cyprus worth investing in?
Cyprus has many more benefits, 300 days a year of sunshine, outdoor activities, and friendly culture. Cyprus is a beautiful place to buy real estate. For a purchase of €300,000, you and your family will be granted permanent residency on the island, allowing you to live, work and study in Cyprus legally.
Here are a few more benefits of buying a property in Cyprus:
- Liberal foreign investment authority
- Excellent telecommunications infrastructure
- Stable Bank services
- Low crime rates and high life quality
- Friendly people
If you are considering investing in a property in Cyprus, contact our team for some guided expert advice before you take a leap into an investment. Contact our team at 77000111.