Cyprus has become a ‘free-for-all’ as non-EU foreign nationals are snapping up real estate in quantities vastly disproportionate to their numbers, some MPs warned on Thursday.
Parliamentarians were discussing a recently released report by the auditor-general, which found that last year 27.4 per cent of properties were purchased by non-EU nationals.
However even that is likely an undercount, as the records don’t reflect transfers and sales to Cyprus-registered companies whose
