- Cyprus Property News Magazine - http://www.news.cyprus-property-buyers.com -

Property industry problems to be discussed on Monday

ALL ISSUES concerning the real estate industry will be addressed at the Annual General Meeting of the Cyprus Land & Building Developers Association, which will take place on Monday 23 April 2012 at 12.30pm, at the Hilton Hotel in Nicosia.

Through a review of the previous period, the problems facing the industry will be presented and analyzed before Eleni Mavrou, Minister of Interior, who will attend the Meeting and provide an address.

Problems faced by the industry include the dramatic decline in sales and the lack of external demand for real estate, the rapid increase of unemployment within the industry, plus the the functional, bureaucratic and structural problems of the sector, and many others.

In his speech Lakis Tofarides, the President of the Association, is also expected to submit a series of specific proposals that many act as a catalyst for the property market recovery, as well as increase government revenue and create new jobs.