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Sales in Cyprus are falling, but rising foreign investment

19.02.2014
Homesoverseas.ru editorial office
29
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
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360 000 €
2 bedrooms
build area 114 sq. m
pool
household appliances
sea/ocean view
garage
seller: RENTSALE
residence+more
from 505 000 €
4 bedrooms
build area 171 sq. m
plot area 305 sq. m
pool
household appliances
sea/ocean view
seller: Bettabilt Homes
475 000 €
3 bedrooms
build area 136 sq. m
plot area 200 sq. m
pool
second line from the sea/lake
payment by installments
seller: Bettabilt Homes