Cyprus: No negative consequences on real estate sales from Chinese sanctions
A few months ago, China announced the introduction of new rules and regulations in an attempt to control outbound investments. New rules mostly regulate mergers and acquisitions for Chinese citizens.
Cyprus has expressed fears for the sanctions due to potential problems on the construction sector growth, which has seen substantial growth for the last four years on the island. Fortunately, no negative impact on real estate sales have occurred due to China’s decision to limit investments outside the territory of China. Many Chinese organisations still express their interest to invest in Cyprus with many new projects underway and being discussed.