Cyprus government recently announced, at the end of March 2014, new amendments to the Citizenship by Investment Program as follows:
1). A new €2million passport program is available for investors applying until the 1st of June 2014.
The parameters are as follows:
Only ONE property is to be used as a permanent residence at a minimum value of €500,000. (The residence must be retained by the clients)
The remaining €1,500,000 can be invested in other properties including residential, commercial as well as land/plot.
Purchase a property for residence of a minimum value: €500,000
Invest in properties (i.e. several units and or land):€1,500,000
Total investment: €2,000,000
Simila Cyprus Property have a range of properties available in this price bracket including Residential land/plots, Apartments, Junior Garden Villas and large Luxury Detached Villas.
For more information regarding the range of residences available please contact us on +44 20 8144 7080 or email us at: firstname.lastname@example.org
Simila Cyprus Holiday Villas & Apartments:
CYPRUS RANKED IN TOP 5 FOR HOLIDAY HOMES ONCE AGAIN
In a recent survey carried out by Rightmove Overseas, Cyprus ranked number 4 on the list of countries that respondents will be looking to purchase a property during 2014.
Of the 3,000 participants looking to purchase an overseas property in the near future, over half said their key motivation is to use the property as a second home, while 36% of respondents are looking to buy in order to emigrate permanently, and 13% will purchase for investment.
The survey also revealed that many of the people looking to invest are very much driven by current affairs. Those countries that are facing economic difficulty or are offering attractive incentives, like Elea's rental pool with guaranteed returns, are seen to offer the greatest opportunity.
This is great news for the Cyprus Real Estate market as it seems that slowly confidence is returning.
To find out about our excellent properties for holiday rental please contact us on:
Tel: +44 20 8144 7080