Cyprus real estate sales value dipped 32% in 2020

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Cyprus real estate sales value dipped 32% in 2020
 © FinancialMirror 2021

The total value of Cyprus real estate transactions in 2020 reached €3 bln, recording a drop of 32% compared to 2019, with Paphos feeling the worst of it while Nicosia was more robust, according to PwC analysis.

The decrease is mainly attributed to the significant drop in transactions from foreign buyers due to the pandemic’s adverse effects, which exacerbated the already reduced activity levels observed during the earlier months of the year.

Following the lift of the first lockdown measures in May 2020, increased activity levels were primarily...


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Cyprus real estate sales value dipped 32% in 2020


The contents of this article including any associated images are © FinancialMirror 2021
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