Cypriot Real Estate Keeps Growing, Shows Financial Report by Central Bank of Cyprus

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In a recent report, the Central Bank of Cyprus has unveiled a few promising facts about the real estate market in Cyprus. Here are the highlights:

 

  • The property market goes through successful recovery and posts positive growth rates

  • During the first half of 2019, real estate investment surpassed €1.1 billion

  • Most of the activity in the sector is due to major infrastructure projects including shopping centres, hotels and resorts, residential and office property, marinas as well as renewable energy projects

  • The prices of residential property reveal moderate growth, and remain 7 to 12 percent lower than the average EU showings

  • The risk level in the Cypriot real estate sector is limited, as estimated by the European Systemic Risk Board (ESRB)

 

Property purchase in Cyprus is not only a wise investment decision, but also a gateway to the EU citizenship. For more information, feel free to consult with the Astons experts. 

 

Astons is a leading global immigration advisory firm with offices in London, Beijing, Moscow, Dubai and Limassol (Republic of Cyprus) and offers residency & citizenship investment solutions worldwide including UKTurkeyVanuatuEU & the Caribbean. Astons is a Member of the Investment Migration Council (IMC).

 

For further information or to discuss your personal circumstances in a private consultation, please contact Astons at info@astons.com or call +44 207 292 2977