Russian and Arab investors to buy and develop land in Cyprus

Investors from Russia and the Arab countries are emerging as land developers in the Cypriot real estate sector, Chairman of the Cyprus Real Estate Agents Association Marinos Kynegirou has told the Cyprus News Agency (CNA).

“For the first time in years we have several buyers whose purpose is the construction of apartments, offices and more. They buy, build and sell” Kynegirou explained.

Source: CNA

Read more here.

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