FINANCIAL NEWS

GCC investors to invest in Cyprus property

29 Dec 2015

(MENAFN) International property agency Chestertons is viewing growing interest from UAE and GCC investors for extravagant Cyprus-based properties, as it increase 23 percent in Oct 2015.

Furthermore, Cyprus is seen as the next hotspot after top investment destinations like London, NY and Paris, while the economy of Cyprus is set to take-off due to the government’s severe measures.

“The first-quarter growth levels were gradual, however, this was followed by a surge in the second quarter and the economy reported an even faster growth in the third quarter,” said sales director.

In addition, almost 463 deals, which included the sale of residential and commercial properties, were logged at land registry offices across Cyprus, compared with 375 last Oct.

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