Global
Cyprus residents take different view of foreign property buyers than Canadians
By Demetris Georgiades
Aug. 22, 2016
Discussing the recent transfer tax on properties purchased by foreign buyers in Vancouver, Cypriots usually ask, 'Don’t they need the Chinese money?'
The new tax the government of B.C. Premier Christy Clark recently started imposing in foreign property buyers in Vancouver is unlikely to be replicated in Cyprus, where foreign dollars are key to the economy, writes Demetris Georgiades. The Hill Times photograph by Jake Wright
PAPHOS, CYPRUS—British property lawyer Jean Lawson takes a rather sizable bite out of her large American chocolate chip cookie, glancing over an email from a prospective London property buyer as she enjoys a brief reprieve from the blistering heat outside. Jean is one of an estimated 60,000 Brits enjoying a Mediterranean lifestyle on the island of Cyprus. As we slowly sip our iced cappuccinos and our olfactive receptors are flooded with the scent of almost every imaginable American
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