All reports tagged with: "chinese investors"
Purchases by Chinese investors in Cyprus property have contributed to the recovery of the island’s construction sector according to the president of Cyprus Association of Valuers and Property Consultants.
It appears that Chinese property buyers are now being targeted by nefarious elements involved in the Cyprus property industry now that British buyers have finally wised-up to the scams.
Chinese investors are attracted to Cyprus due to the offer of passports and a recovering economy and are catching up with Russian investors when it comes to Cypriot passports.
A conference in Nicosia has heard that Chinese property buyers are slowly returning to Cyprus, but that the country needs to earn their trust if it wants them to make further investments.
The emerging Chinese market is being put under threat from the “appalling practices” of those in the real-estate sector according to the general secretary of the Chamber of Commerce and Industry.
Many Chinese people who have bought properties in Cyprus have felt cheated and complained according to Huali Che, president of the Chinese friendship association in Cyprus.
A delegation from the Hong Kong-based conglomerate ‘China Glory National Investment’ was received by Cyprus President Nicos Anastasiades at the Presidential Palace on Monday.
As Cyprus steps up its charm offensive in China, media reports claim that Chinese investors (and those from other non-EU countries) will be granted visa-free throughout the EU once they have acquired a Cyprus residency permit.
Exhibitors from Cyprus were the most prominent amongst around 140 developers from more than 20 countries showcasing their products to potential Chinese buyers in a recent property exhibition held in Beijing.