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...

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

Chinese investors moving beyond citizenship scheme

Trending Cyprus News

Two new Spar Supermarkets open in Cyprus
Two new Spar Supermarkets have opened in Cyprus after former Debenhams Food Hall outlets in Nicosia and Limassol were converted to Spar...
Thunderstorms cause flooding, fires, power outages
Thunderstorms, lightning and heavy rain caused disturbances across the island with power cuts, flash flooding, and a fire on Monday,...
60,000 airport passengers in just one day
Cyprus recorded the highest number of passengers on a single day this year at both Larnaca and Paphos airports on Wednesday, with a total of...
West Nile death confirmed in the south
The death of a senior citizen who was infected with the West Nile virus has been confirmed by authorities in south Nicosia, while a number of...
Cabinet approves financial assistance to Pissouri home...
Cabinet on Wednesday approved financial assistance to homeowners in Pissouri’s Limnes area who have been forced to leave their homes after...
Spate of burglaries in Paphos
There has been a spate of burglaries in Paphos in the past 24 hours, with burglars making off with items ranging from expensive watches from a...
Rain on the cards for Tuesday
With an unstable air mass affecting the area, clouds are likely to develop by afternoon on Tuesday and showers and isolated thunderstorms are...
Ministry urges public to report cases of passive animal...
The Agriculture Ministry is urging the public to report cases of passive animal abuse to police or district vet offices as efforts continue to...