Historic collapse of property sales

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Historic collapse of property sales
 © CyprusPropertyNews 2020
Property sales in Cyprus collapsed in April as the coronavirus pandemic put the island’s real estate market into a deep freeze to a level only seen once before following the haircut of deposits in the island’s two largest banks that made Cyprus a household name around the world.

Almost every sector of the island’s economy and the global economy has been affected by the pandemic, resulting in a world-wide economic slowdown. Although some pundits predict that the property market will rebound in 2021, many airlines around the world are...


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Historic collapse of property sales


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