| The number of real estate sales plunged in 2012 but the total value of transactions grew by 3.8 percent, statistics published by the Directorate of Land Registry showed. The value of sales transactions increased to $9.175 billion in 2012, up by $330 million compared to $8.841 billion in 2011.
The number of transactions, however, declined by 9.9 percent in 2012, following a more acute drop of 11 percent in 2011. Sales to foreigners registered a sharp decrease of 8.9 percent in the volume of sales...............................................Full Article: Source
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