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Chinese investors boost construction sector

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.

Oil found beneath gas deposits

Noble Energy surveys in the Eastern Mediterranean have revealed significant oil reserves in the Cyprus Block 12 beneath the natural gas deposits discovered two years ago; further exploration will follow.

July sales boosted by overseas investors

Although the number of properties sold in Cyprus during July fell 13 per cent compared to July last year, they were boosted by an increase in sales to overseas investors in Nicosia, Limassol and Paphos.

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