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Real Estate Briefing - Categorized | Developers, Investment

Overseas buyers continue to shun Cyprus property markets

Posted on 19 March 2010

From Propertycommunity.com: The property market in Cyprus is still failing to attract foreign buyers with even price cuts of up to 30% being offered by some developers failing to result in sales to overseas customers.

The latest figures from the Department of Lands and Surveys show that 146 property contracts for foreign buyers were deposited last month compared with 160 a year ago. Foreign sales in February were down 9% on the same period in 2009…………………………………Full Article: Source

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