The sales director of BuySell Cyprus, ChrisHajikyriacou, has recently pointed out that - “Now is the time to buy,otherwise you’re going to miss the boat”. His forecast about the market’sprospects seems to be very optimistic and most importantly encouraging for thepotential investors. He told the Mail that demand for property in Cyprus isabout to outstrip its supply! In the first quarter of 2014, BuySell Cyprus hasnoticed a 600 per cent sales raise compared to the last year’s records.According to Hajikyriacou the most active property buyers are Russians,Britons, investors from the Middle East and Scandinavia. The essentials thatsupport such booming stream toward property sales in Cyprus are government’scitizenship-for-investment scheme and the significant progress that Cyprus hasreached with its bailout program.
At the moment, Cyprus has the most beneficialcitizenship-for-investment program. Inorder to obtain a Cypriot citizenship the investors are required to invest aminimum of €2.5 million, which is exceptionally low, when compared to otherEuropean countries.
With regards to the financial state of theisland, the chief of the European Central Bank has acknowledged that Cyprus hasmanaged to boost up its economy significantly due to its well structuredbailout program. Now, the European Central Bank is ready to cooperate with theCyprus Central Bank in order to regulate the financial sector fully!
Above from all mentioned it is necessary to saythat buying property in Cyprus is a lifetime investment that the next generationscould benefit from. The advantages as Mediterranean culture, warm climate andhospitality of the locals are simply priceless.