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news about Cyprus Real Estate

Luxury real estate market resists crisis

Monday, 28 May 2012
DESPITE the general fall in sales and prices of property, the luxury real estate market in Cyprus seems to be weathering the crisis well according to the international property consultancy firm Frank Knight.In its report “Cyprus Residential Development Prime market report 2012″ Frank Knight says that, since the peak of the market, prices in the best second-home locations have held up relatively well, with prices falling by around 20%, while property prices in the secondary and tertia... read more