| 22.12.2011 - Cyprus: Property prices under pressure |
| According to figures released by the European Central Bank on Tuesday, property prices in Cyprus fell by 4.9 percent during the first half of 2011, almost twice the fall experienced in 2010. The performance of Cypriot housing market suffered the third highest decline in the Euro area with prices falling by 4.9% during the first half of 2011 behind Ireland, where prices fell by 11.8%, and Spain, where they fell by 5.5%...............................................Full Article: Source |