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Tara Tiny J, the president of the Cyprus appraisers and career advisory committee, said Chinese investors have made a significant contribution to the recovery of the country's real estate sector in the financial crisis.
Tara Tiny J said that in 2016 the real estate transaction record for Cyprus 7063 pen, an increase of 43% over the previous year, foreign investors, especially the contribution of Chinese investors can not be ignored. He said that foreign citizens in Cyprus last year the real estate transaction record for the 1183 pen, which Chinese loved the southwestern coastal city of Pafos was 627.
Tara Tiny J also said that the current price of Cyprus has not returned to the highest level in 2008. According to him, Cyprus joined the euro in 2008, when many people believe that the real estate market has great potential for investment, a large influx of funds so that the housing transaction volume reached a record 16 thousand pen.
Although in recent years the government of Cyprus issued some preferential policies, such as to allow foreign investors to obtain permanent residence, making some coastal area real estate projects prices have returned to or exceeded the highest level in history, but the current residential overall price level is still only about 3/4 in 2008.
Tara Tiny J said that in 2016 the real estate transaction record for Cyprus 7063 pen, an increase of 43% over the previous year, foreign investors, especially the contribution of Chinese investors can not be ignored. He said that foreign citizens in Cyprus last year the real estate transaction record for the 1183 pen, which Chinese loved the southwestern coastal city of Pafos was 627.
Tara Tiny J also said that the current price of Cyprus has not returned to the highest level in 2008. According to him, Cyprus joined the euro in 2008, when many people believe that the real estate market has great potential for investment, a large influx of funds so that the housing transaction volume reached a record 16 thousand pen.
Although in recent years the government of Cyprus issued some preferential policies, such as to allow foreign investors to obtain permanent residence, making some coastal area real estate projects prices have returned to or exceeded the highest level in history, but the current residential overall price level is still only about 3/4 in 2008.