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Property sales in Cyprus down 21pct in October

Posted on 09 November 2011

Liquidity problems, record levels of unemployment and the huge uncertainty in the market continue to send the Cyprus property market into a tail-spin. With the exception of the suspension/reduction in Property Transfer Fees approved by parliament, there are still no signs of a recovery.
Sales fell for the 16th consecutive month in October, according to Department of Land and Survey figures published………………………………………..Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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