Citizenship planning specialists have seen a surge in British enquiries about citizenship by investment, says the Financial Times. Amidst the continuing uncertainty about what it will mean to be a Briton without an EU passport, Winkworth International is not surprised.
A growing trend for property investment in countries such as Cyprus as a means of obtaining citizenship certainly bears out our experience of increased interest in the Cypriot housing market from British buyers. As this special report comments, the silver lining in the Brexit cloud really depends on how much of a sound investment the property you choose turns out to be.
If you'd like to continue to move freely throughout the EU, passport in hand and a return on that investment in your pocket, buying a brand new property in Cyprus could be your solution.
Winkworth International currently offers properties at a number of new build projects from two of the most established developers on the island. Properties vary in price and size but are all in close proximity to Paphos with five star amenities and sporting facilities. So get in touch; these luxury homes are perfect for entertaining guests or as a lucrative holiday let investment and we'd love to show you around.
EU passports are available through property investment only in Cyprus or Malta, with demand driven by investors looking to protect their assets from global uncertainty. Such investments are often an insurance policy for those who live in a country with an uncertain political outlook. Passports and residency permits have long been on offer from Caribbean countries, usually through donations. But the European visa investment programme has been “a game changer”, according to Mr Williams. “International businessmen travel frequently but don’t want to waste time in a visa queue. They see property as an investment, with residency as a bonus, or the other way around.”