Lack Of Overseas Sales Slows Down Cyprus Market Recovery/
The Department of Lands and Surveys has published figures according to which the sale of real estate to foreign buyers has decreased, and with it the recovery of the Cyprus property market has slowed down.
While domestic property sales during the first eight months of 2021 (4,089) are at their highest, overseas sales over the same period (2000) have not yet recovered to pre-pandemic levels in 2018 (2,884 ).
One of the reasons for the decline in interest in Cyprus property is the closure of the residency by investment program.
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