China in Cyprus

Lotsof hype lately about the Chineese buying properties in Cyprus , Its true as can be seen by the lands office facts and figures for contracts submitted to the various land registry departments. Limassol where we are based is more leaning towards the Russian buyers and we all await the Euro Crisis to resolve itself and get us all back on an even keel. Homes have seen the effects of market forces worldwide with the trend generally speaking follwing the states. Cyprus allthough divided has yet to feel the full force of Economic fluctuations and lets hope we dont follow Greece and Spain. The banks have seen downgrades in values of late.

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