New applications for Cypriot passports under the island's 'citizenship-by-investment scheme' (aka passport-for-cash scheme) are falling, possibly as a result of the stricter rules introduced in May.
The Central Bank of Cyprus has warned the commercial banks to avoid the mass selling of mortgaged properties as it could lead to a sudden drop in real estate prices reports the Xinhua News Agency.
Due Diligence
Due diligence is absolutely essential before committing to buy a property.
