Cypriot real estate fell by 20% per year





13.12.2013 00:45
Articles about real estate | Cypriot real estate fell by 20% In the third quarter of 2013 most prices fell flat - by 14.6%. Home prices fell by 11.1%. In the third quarter of 2013 most prices fell flat - by 14.6%. Home prices fell by 11.1%.

These data provided the Cyprus branch of the Royal Institute of Chartered Surveyors (RICS). It is reported portal Ekathimerini.com.

Property Abroad prices rose steadily from 2000 to 2009 , as the Europeans , especially the British , actively bought second homes on the island .

However, in 2010 the housing market in this country experienced difficulties , especially since , as the country's banking crisis erupted .

Rising unemployment in the 17% and the bleak economic outlook deterred potential buyers.

Recall that in September 2013 the sale of property in Cyprus have fallen by 36 % per year.
Content tags: Overseas property
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