Cyprus residents take different view of foreign property buyers than Canadians

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

Opinion

BY DEMETRIS GEORGIADES 

August 22, 2016

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.

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