Many foreigners wish to get residency to any of the European Union countries because of the benefits it offers. Having a residence permit in the EU allows a person to travel without needing a visa and get access to the country’s services for the people. These benefits clearly made its impact in the latest tally of Eurostat about the number of people who applied for residence permits in the EU.

Eurostat on EU Residence Permit

On Friday, the Eurostat released its latest assessment about the number of people who applied for a residence permit in the region. In their assessment, Cyprus issued a total of 20,999 first residence permits to non-EU citizens last year. It places them as the second highest issuer of the permit in the EU.

Out of these numbers, 3784 are Indians, 3,402 are Russians and 2,087 are Syrians. Most of the applicants, or 9,771 of them, applied for professional reasons, while others are for family, education and others.

The Eurostat also said that last year, the region gave 3.2 million residence permits to non-EU citizens. The numbers increased by 0.4%, which is in line with the growing trend in the past three years. Almost 28% of the region’s numbers are for family applications, followed by employment, education and asylum. In comparison to 2017, education was the top reason why residence permits were given to non-EU citizens.

Malta has the highest rate of first permits issued to non-EU citizens in 2018. They gave 36 permits per thousands of population. Cyprus (24), Poland (17), Slovenia (14) and Luxembourg (13) were next in the list. Overall, the EU gave 6 permits per thousand population for 2018.

Meanwhile, Poland became the EU country with permits issued for employment for last year. Around 328,000 permits are available to non-EU citizens aiming to work in the country. For education, the UK gave out 190,000 permits. Germany has the highest number of permits issued for other reasons with 219,000 permits given to refugees and those seeking humanitarian protection.

Cyprus Travel Tips

Cyprus has a lot of great destinations for tourists to check out when they have a chance to check it out. They can check the official tourism portal of the Deputy Ministry of Tourism for information. Visa details can be checked in the visa page of Cyprus in this link.

For those who wish to work in the country, we have an article on the average and minimum salary in Nicosia.

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Many foreigners dream to purchase homes overseas because it can serve as a quick getaway from the hustle and bustle. Some countries have very affordable properties, with a few offering benefits for foreigners. For the properties in Czech Republic, the prices of properties are increasing and it seems it will remain that way for a while.

Czech Properties on Demand

On Monday, the official House Price Index (HPI) was released and it reveals that the properties in Czech Republic continues to grow in the second quarter of the year. It recorded a 8.7% year-in-year rate, which is the highest in Europe. The HPI serves as a measurement for residential property prices in around the EU, which covers existing and new family houses and land.

The rates for the country had actually dropped from 13% in 2017, but the prices has been solid as compared to other EU countries.

The Czech Statistical Office also released their report and said that the asking price for flats in the third quarter of 2019 is at 5.2% year-on-year overall and 3.3% year-on-year in Prague. Meanwhile, apartment prices in the first half of the year is at 10%.

When it comes to new housing loans in the country, it has dropped 20% year-on-year. It may be possible that the rates will go down in the third and final half of the year. The Czech National Bank has introduced macroprudential measures last year, which may influence the approval rate for housing loans. The new measures are also going to tighten policies for properties in the country.

The delay can also explain why the prices of properties in the country are still very strong for this year. However, once the measures are in place, asking prices for the last quarters of the year may slow down. Household income may also play a role in changing the property market in the country.

Czech Republic Travel Tips

Want to learn more about what you can see and do in the Czech Republic? Check out our guides on where to stay, how to travel, what are the train ticket prices and how much the cost of living is in the country. You can also read our Schengen visa guide here.

For further information, tourists may also check the CzechTourism website.

If you wish to live in the country, you may check the website of the Czech Ministry of the Interior for details.

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