Chinese investors moving beyond citizenship scheme

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Chinese investors moving beyond citizenship scheme
 © CyprusMail 2019
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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Article Tags: chinese, investors, moving, beyond, citizenship, scheme,