Acquiring property in Cyprus, either as an investment or as a second home, has always been a popular choice among foreign investors. A combination of high quality of life, year-round sunshine and natural beauty, ease of doing business and investment incentives offer investors an attractive experience in terms of both living and doing business.
Cyprus ranks amongst the top countries in the world in terms of personal safety, security and lifestyle. At a time when the neighboring countries are going through terrible political, civil and military shockwaves, Cyprus is a real option for families and individuals to set up home and business.
Property sales have increased significantly in 2016, with the construction industry intensifying its activities island-wide. Cyprus continues to offer unique options for beautiful holiday homes and represents a popular destination for permanent residency and retirement.
At the same time, a wide range of prestigious Large-Scale Development opportunities are available, ranging from residential and commercial developments, to luxury tourist attractions, such as marinas, golf courses, tourist resorts. An impressive list of new high rise towers is under construction or are about to get started. Additionally a world class casino resort has been given the ‘green light’ which will be completed in 2020 expecting to change the island’s tourism profile.
Attracting foreign direct investment is at the heart of Cyprus’ development strategy, as it represents a key driver for economic growth, amidst today’s constantly changing international environment. In line with this policy, the Cyprus government has introduced two schemes for granting foreign investors Cypriot Citizenship and Immigration Permit to Cyprus.