After a sharp rise in prices on the Cyprus property in 2006, its value increased steadily by almost 20% per year. With the onset of the crisis and the departure of most British buyers with real estate market, he moved into a phase of stagnation. In 2008, average prices decreased by 2.2%, and by the autumn of 2009 real estate in major cities cost already at 10%, and in the resorts - up to 30% less than before the crisis. In this case the value of land has hardly changed. According to the legislation, the Russian can get the owner's title (Title Deed) is not more than one property (a house with land or apartment), an area of
The Cyprus real estate market
20.01.2009
Homesoverseas.ru editorial office
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