All reports tagged with: "exchange rate"
Govt figures confirm Cyprus meltdown
The scale of the recession’s damage to the overseas property market in Cyprus has been revealed by official figures that show an 84% drop in sales to non-Cypriots since peak.
Property market report for Cyprus
Falling property sales, which are down by 52% this year compared to last, are impacting employment levels, the inflow of revenue to state coffers, and the island’s economic well being.
Cyprus property sales down 50 per cent
PETER Paradisos, the marketing manager for Maispa Developers said property prices in Cyprus were falling steeply even though he didn’t have any official figures as yet.
“I would say enquires and sales are down by 50 per cent. If you’re a good salesman you can close a deal on most enquiries, but if they aren’t coming [...]




