Waiting For The Return Of Foreign Real Estate Buyers
The coronavirus pandemic has dramatically affected the Cypriot real estate market. The sector has traditionally been highly dependent on foreign buyers, especially in recent years due to the impact of the ‘golden passports’ investment program.
As shown in the semi-annual report of Pandora Investments Public, sales during the pandemic amounted to approximately $41 million, compared to $62.4 million in 2019. Pandora is a part of Leptos Group, one of the largest land developers in Cyprus. […]
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