According to official data, the volume of real estate sales in Cyprus fell to a record low in 2013 and continued to fall in 2014, according to themovechannel.com . Despite this, the volume of purchases by foreign investors is growing. In January, 293 contract for the sale has been registered in the Land Registry, which is 22% less than the number of contracts in January 2013. The decline in sales is accompanied by record levels of unemployment. The number of foreigners increased purchases in January to 18%, according to the Department of Land Management. Recently, representatives of "Troika of international creditors" met with representatives of the Cyprus Association of Builders (LBDA) to discuss the state of the market nedvizhimosti.Novye investment vital economy of the country, and this is a positive factor that needs to be developed, especially since the investment comes in the most difficult moment for the economy of Cyprus over the last decade, he notes "Troika." HomesOverseas.ru
Sales in Cyprus are falling, but rising foreign investment
19.02.2014
Homesoverseas.ru editorial office
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