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Cyprus News Agency: News in English, 13-05-16
CONTENTS
[01] Domestic demand in the property market decreases
[01] Domestic demand in the property market decreases
Domestic demand in the property market recorded a decrease after a
Eurogroup decision on Cyprus last March and restrictions imposed on
transactions which followed.
According to the Republic's Land Registry Office, the decrease was
recorded in all cities except the western coastal town of Pafos, which
appears to benefit from the interest of foreign investors, mainly Russians
and Chinese.
Sale deeds submitted in April 2013 stood at 285 compared to 461 in
April last year, thus recording an annual decrease of 38%. In March,
the decrease was at 49%.
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