08.05.2012 - Cyprus property market 'struggling in current economy'

Board member of the Royal Institution for Chartered Surveyors (Rics) Cyprus Pavlos Loizou has said the economic situation in the country is impacting the real estate sector. He stated: "Property and rental prices continue to drop, mainly due to the unfavourable economic climate, the negative forecasts for the broader economy, the lack of sponsorship and the low performances [of real estate assets]."..............................................Full Article: Source

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