Real Estate Investor Magazine May 2024 Edition | Page 59

WHY WHY INVEST IN CYPRUS

With many permanent residency programmes in Europe no longer available or changing their investment criteria to be more expensive , there are fewer and fewer options to consider .
Cyprus is the only Englishspeaking country in Europe with an affordable and attractive programme that is still available .
There has never been a better time to explore investing in Cyprus to realise your Plan B while this programme is still open !
Please find more information on the features and benefits of the Fast Track programme and what you would need to do in order to qualify .
A note to highlight is that in Cyprus you do not have to buy in ’ special designated areas ’ or in ‘ ex-pat zones ’. You can buy any type of residential property anywhere and you CAN rent your property out to earn a Euro-based income .
Key Changes to other Programmes
• PORTUGAL has closed their GOLDEN VISA programme for investors purchasing real estate ;
• GREECE on 31st March 24 increased the minimum investment amount to € 800,000 in high demand areas
• IRELAND has abolished their RESIDENCY by INVESTMENT scheme
• MALTA requires proof of assets of at least € 500,000 with at least € 150,000 in financial assets
• SPAIN is considering doubling the minimum investment amount ( currently € 500,000 ) or abolishing the programme altogether
• AUSTRALIA has recently scrapped their GOLDEN VISA .
32 MAY 2024 Real Estate Investor Magazine