Cyprus property sales to foreign buyers nose-dives
Time to go and grab a great deal?
"The number of non-Cypriots buying property on the island has gone into freefall. The latest figures released on Friday by the Land Registry indicate that the message issued by the Interior Minister in July has failed to reassure foreign real estate investors."
"The districts of Cyprus suffering most from the drop in foreign demand are Larnaca, where property sales are down 83%, and Limassol, where sales have fallen by 79%. The area least hit by the fall is Nicosia, but even there sales to non-Cypriots have dropped by 54%."
Read on...
"The number of non-Cypriots buying property on the island has gone into freefall. The latest figures released on Friday by the Land Registry indicate that the message issued by the Interior Minister in July has failed to reassure foreign real estate investors."
"The districts of Cyprus suffering most from the drop in foreign demand are Larnaca, where property sales are down 83%, and Limassol, where sales have fallen by 79%. The area least hit by the fall is Nicosia, but even there sales to non-Cypriots have dropped by 54%."
Read on...