Cypriot Real Estate Keeps Growing, Shows Financial Report by Central Bank of Cyprus
The property market goes through successful recovery and posts positive growth rates
During the first half of 2019, real estate investment surpassed €1.1 billion
Most of the activity in the sector is due to major infrastructure projects including shopping centres, hotels and resorts, residential and office property, marinas as well as renewable energy projects
The prices of residential property reveal moderate growth, and remain 7 to 12 percent lower than the average EU showings
The risk level in the Cypriot real estate sector is limited, as estimated by the European Systemic Risk Board (ESRB)
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