Chinese investors moving beyond citizenship scheme

21-7-2019 Cyprus Mail CyprusMail Warmer

Chinese investors moving beyond citizenship scheme

By Demetris Theodorou

East Asian investments in Cyprus appear to be gathering momentum, but the nature of the assets bought is shifting to non-urban investments, outside the citizenship scheme.

Initially, in the immediate aftermath of the 2013 crisis, there was a big demand in the Paphos area where the purchase of high-value, luxury villas made buyers eligible for the citizenship by investment scheme. Well-off Chinese seeking ‘access to Europe’ became a key target group for developers seeking new markets and quick sales.

It is Limassol,...

This article was automatically added to our system 21-7-2019

Chinese investors moving beyond citizenship scheme

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