The territory will have, among others, an airstrip and a hangar for light aircraft, a landing area for skydivers, a golf course, two swimming pools – indoor and outdoor, cross-country bike park, motocross track, climbing wall, area for skiers, a 100 room hotel and a sports clinic.

According to Mr Misirlis, this year’s Economist forum in London has shown, for yet another year, the interest of international property investors in Cyprus, which is improving year by year.

Home insurance differs from Business insurance, and you should be aware that standard home insurance coverage is not enough to cover all the potential risks that come with high-value residences. Without tailored insurance, your home and treasured possessions will be unprotected. However, mainstream insurance providers cannot offer individuals with significant assets to protect, and who appreciate superior levels of service, the right attention and expertise to cater for their needs.

Each programme has a different time frame for considering applications that ranges from several weeks to several years – something that is important to consider when considering a programme.

The landscape also includes curved walkways on an external footpath that invites people to visit the luxury outlets on the ground floor, with elevated gardens surrounded by water, forming intimate private spaces for residents and guests to relax in while sampling culinary delights and cocktails at restaurants and bars.

The park will also include squares, hundreds of trees, a cafeteria, a tennis court, a basketball court, a small football court, locker rooms, a climbing wall, a skatepark and an outdoor exhibition space. The park will be the largest in Paphos and one of the largest on the island.

There is also a barrel sauna with a large heater and a Hoshizaki ice- maker with a stainless steel submersible bathtub. The asking price is US$ 7 million.

It is therefore very important to study the conditions a programme requires for granting citizenship. Where citizenship of Portugal or the UK can be obtained five years after obtaining a residence permit, in other countries, such as Switzerland and Spain, this is only possible after 10 years.

However, while residential real estate in the EU increased by only 4.7% in 2019, according to the Central Bank apartment prices in Greece rose by 7.2% over the past year. This is the second year in a row that apartments in the country have become more expensive. In 2018, there was an increase of 1.8%.