The Council of Real Estate Agents in Cyprus said that the real estate market in the country witnessed a high demand in the second quarter of 2022, with a total of 5,442 real estate sales worth 1.2 billion euros recorded. It accounted for 46.5% of all sales transactions in Cyprus and about 450 real estate purchases and sales were recorded with a value of about 126 million euros, of which nearly 50 were residential properties with modern and luxury structures, with a total value of 37 million euros.
Cyprus offers an opportunity to invest for those wishing to obtain residency within the country through its permanent residency program, where the government launched its program for those who wish to move and live in Cyprus in exchange for buying and owning a property with a value starting from 300,000 euros within a period of up to 3 months within the so-called fast track, Provided that he maintains ownership of the property for life to maintain the validity of permanent residence in Cyprus, the investor can then obtain Cypriot citizenship for himself and all eligible family members if they meet the required conditions and criteria, and by obtaining a Cypriot passport, you will enjoy free access to 174 destinations around the world. Which has made it one of the most requested passports as it is currently ranked 18th according to the Reach Immigration Passport Index. To find out more details and features that this program offers you, visit Reach Immigration website here.