‘A new bubble in the making’

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‘A new bubble in the making’
 © CyprusMail 2019
Cyprus could be inflating another property bubble through the citizenship-by-investment programme, and at a time when such extraordinary policies are no longer necessary, distinguished economist Christopher Pissarides has warned.

Now based in London, the 2010 Noble Laureate in Economics tells the Sunday Mail he is monitoring developments on the island and is not sanguine about the economic policies implemented, calling them unsustainable in the long run.

“It looks like we may be creating another bubble in the property sector. The property market in Cyprus is growing...


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‘A new bubble in the making’


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