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Foreign Investment Falls Despite Booming Property Market in Cyprus

Foreign investment in Cyprus’ property market has recorded a sharp drop despite overall growth in the sector. The fall is reported to be due to the negative publicity surrounding incidents of fraud related to Cyprus’ investment immigration schemes involving brokers selling properties at exorbitant rates to Chinese buyers.

Source: Global Property Guide

Categories: Investors Blog
Colin R. Singer: Colin R. Singer is Managing Partner of investmentimmigration.com and immigration.ca and one of Canada’s foremost senior corporate immigration attorneys. He is recognized as an experienced authority on Canadian immigration matters as well as the international residence-by-investment industry through investmentimmigration.com. He is a licensed immigration lawyer in good standing with a Canadian Law Society during the past 25+ years.
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