Developers defend Cyprus golden visa scheme after scandal

Pedro Gonçalves
clock • 2 min read

The Association of Large Property Developers has asked for the public criticism around Cyprus' golden visa scheme to halt as the row is hurting the economy. "Recent reports combined with the ongoing row within the country, have taken their toll on the investment environment, which has also been struck by the coronavirus outbreak," the Association of Large Property Developers said in a statement. With the economy in a big downturn because of the Covid-19 pandemic, amid lockdown and tourists shying away from the island, interest in purchasing properties has tumbled. "The appointment ...

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