Why Cyprus?

Located in the Mediterranean Sea, Cyprus is strategically located between three major continents: Europe, Asia and Africa. It has always been a very popular tourist destination due to its warm climate and approximately 320 days of sunshine every year.

The Cyprus economy has been in crisis longer than the European economy, and the structural changes that have taken place in Cyprus demonstrate new opportunities and continued GDP growth above the EU average.

Cyprus returned to growth in 2015 with real GDP recording an increase of 2.0%, followed by an acceleration to 4.8% in 2016, 4.5% in 2017 and 3.9% in 2018. Growth is broad-based and key contributing drivers are: tourism, shipping, business services, health, education, professional, scientific and technical activities and manufacturing.

Construction sector bottomed out in 2014 and since that time shows signs of stabilisation and positive growth.

Investment growth in positive trajectory as from 2015.

Economic sentiment and confidence indicators back to pre-crisis levels and over long-term average.

In 2017 tourist arrivals were up by 14.6% and revenues by 11.7%

In 2018 tourist arrivals are up by 7.8% and revenues up by 2.7%

In Jan-Aug 2019 tourist arrivals increased by 0.6% and in Jan-June 2019 revenues are down by 3.1%

After several years of over being hugely overpriced, housing prices are at logical level.

Total adjustment from peak (2008Q4) is 29.7% and which still provides many opportunities.