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Cyprus: Bleak picture of housing market

Posted on 11 April 2012

The residential property market is showing no sign of recovery after statistics released by the Central Bank yesterday revealed that the fall in prices continued and intensified during the last quarter of 2011.
The latest stats reveal that residential prices in coastal towns continue to be the hardest hit while the capital Nicosia is also showing signs of vulnerability to the ongoing economic crisis………………………………………..Full Article: Source


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