An interesting quick read with respect to the Cyprus property market post-CIP. What the authors do not stress, and is evident on the ground, is the fact that when an investment migration program is artificially structured towards real property to the detriment of everything else, FDI is artificial as well.
Invariably, any change to such a program immediately creates a negative externality. This effect is not only for developers and their financing banks, but also for real estate purchasers entered the investment migration program through a real property purchase and who now see their values become effectively zero, as there is no more resale market.
Those seeking a second citizenship / permanent residency by investment solution should look at fund options; and only those funds where the investment strategy in question seeks to foster a more diversified approach. To find out more about fund options, please go to our offerings at Saratoga Capital.