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Archive for January, 2019

A new property bubble in the making?

Nobel Laureate in Economics Christopher Pissarides believes there’s another bubble being created in the Cyprus property sector although George Mouskides refers to the rise in transactions as a “healthy increase”.

House repossessions at a low ebb

Although recent changes to the law have been made in efforts aimed at helping the Cyprus banking system to reduce high levels of NPLs, house repossessions are still at a low ebb according to Central Bank data..

December property sales crash

Following nineteen consecutive months of rising property sales in Cyprus, December 2018 sales saw a crash in their number according to official figures published by the Department of Lands and Surveys.

Affordable housing on political agenda

Sky-high rents have put affordable housing on political agenda with the government drafting a new housing policy in efforts to persuade the construction sector to build cheaper apartments.

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