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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”.

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.

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