Cyprus Economy Achieves Double Upgrade: A Promising Future for Real Estate and Residency

In a groundbreaking achievement, Cyprus has received a double upgrade by Moody’s Investors Service, raising the country’s credit rating to A3 with a stable outlook for the first time in 13 years. This significant milestone reflects Cyprus’ economic resilience and positions the island as a key destination for real estate investment, Cypriot residency, and business ventures.

Moody’s decision highlights the country’s strong economic performance, fiscal discipline, and strategic reforms. But what does this mean for investors, residents, and entrepreneurs? Let’s explore how this upgrade impacts Cyprus’ real estate and residency programs, along with its business landscape.

Key Drivers Behind Cyprus’ Double Upgrade

The upgrade to an A3 rating was driven by several factors that showcase the country’s economic stability and growth. Key highlights include:

• Debt reduction: Cyprus ranks among the top global performers in reducing public debt, significantly lowering its debt levels since 2020.
• Thriving industries: The island’s economy thrives on robust sectors such as finance, legal services, tourism, and technology.
• Foreign direct investment (FDI): Cyprus has become a magnet for FDI, with substantial contributions fuelling economic progress.
• Net migration: The country continues to attract talent and investment from across the globe.
• Reforms under the National Recovery and Resilience Plan: These initiatives have strengthened Cyprus’ economic framework, ensuring sustainable growth.

This combination of factors reflects Cyprus’ resilience and cements its reputation as a secure and attractive hub for global opportunities.

What Does This Mean for Real Estate and Residency?

Cyprus’ improved financial standing has created a significant impact across its property market and residency programs. Key impacts include:

• Rising property values: With increased demand for residential and commercial properties, property values are steadily climbing.
• Appealing residency options: Cyprus’ residency programs are becoming increasingly attractive to individuals and families seeking high-quality living and a gateway to Europe.
• Diverse real estate opportunities: From luxurious villas to commercial properties, Cyprus offers investment options tailored to various preferences and budgets.

Why Now Is the Right Time to Invest

Cyprus’ strategic location, favourable tax policies, and high quality of life make it a top choice for global investors and residents. As Yiannos Tisokkas, CEO of Velment, explains:

‘‘For those looking to invest in real estate or explore residency options, now is the ideal time to take advantage of Cyprus’ upward momentum. Whether you’re interested in purchasing a vacation home, setting up a business, or securing a permanent residence, Cyprus’ evolving economic landscape offers unparalleled opportunities for long-term growth and prosperity.’’

Now is the time to capitalize on these developments and secure your place in Cyprus’ evolving landscape.

Take the Next Step with Velment

Whether considering a new home, establishing a business, or securing permanent residency, Velment is here to guide you through every step. With our expertise, you can navigate Cyprus’ real estate market and residency programs confidently and efficiently.

Contact us at info@velment.com to learn more about how you can benefit from Cyprus’ bright economic future.