Passports are the barometer for real estate in Cyprus

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Passports are the barometer for real estate in...
 © In-Cyprus 2020
Stricter criteria imposed earlier in the year before a Cyprus passport can be acquired have had an impact on property sales, according to a recently-released Central Bank of Cyprus financial report.

Despite a sharp increase in demand of real estate over the first months of 2019, a slight decline was recorded after the recent strengthening of criteria on the island’s Citizenship by Investment programme.

Specifically, sales increased 13.7% year-on-year for the period January-October 2019. During the same period, the number of property sales to local buyers and foreign...


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This article was automatically added to our system 24-12-2019

Passports are the barometer for real estate in Cyprus


The contents of this article including any associated images are © In-Cyprus 2020
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Article Tags: passports, barometer, estate, cyprus,