Cyprus climbs 11 places in the global competitiveness report
The status of Cyprus goes from the strength to strength, continuously building an economy and infrastructure that is incredibly stable. It is this ever-increasing stability that has brought great investment to the country and has made Cyprus a very popular relocation destination. The 2020 IMD World Competitiveness Centre report hails Cyprus as the most improved country, having risen 11 places in the ranking to now sit comfortably in position 30 out of 63 nations.
It’s wonderful to see the ongoing efforts of the Cyprus government are working to ensure the continued growth of the country, and this is reflected in these latest figures. In recent times much has been done to improve efficiency across the board. Public finance, the business environment, and the welfare state have all been paid close attention and have benefited from a variety of overhauls and enhancements. Foreign investment has increased massively over recent years with a variety of popular incentives and other benefits.
Financial stability, the deciding factor for property investors
There’s no doubt that purchasing property in Cyprus is an attractive proposition. For business owners, the location of the island makes it a logistic dream, and there are some lucrative tax benefits too. At a more personal level, Cyprus benefits from good healthcare and educational systems, a very low crime rate, and of course, a wealth of beautiful scenery, golden sand beaches and year round sunshine. However, all these benefits fade into insignificance if a country isn’t financially stable, making your investment risk, and that’s where Cyprus fairs much better than many other countries as you have peace of mind that your investment is safe here. What’s more, with the Cyprus Investment Programme in place, becoming an official Cyprus citizen is actually very straightforward, and the process that can take years in other countries, can be completed within just a few months.
If you’re looking for a holiday home to rent out as an investment, perhaps with a view to retiring to the island in the future, then Sweethome Estates is the ideal first port of call. Always popular with tourists, and with so many amazing projects underway such as world-class marinas and a wealth of shops and restaurants, this is the ideal place to invest in the holiday market.
Find your perfect home with Sweethome Estates
If you’re dreaming of a wonderful, more relaxed life in the sun, then now is the ideal time to get the ball rolling and make that dream a reality. Please do browse our website to discover just some of the properties that could be your next home or your holiday home. We have new properties on our books all the time, so do get in touch and we’ll work hard to match you up with that property you’ve been dreaming of. We can also help guide you through the Cyprus Investment Programme to enable non-Cypriot citizens to easily and speedily complete the process to make the move to Cyprus.