The acquisition of actual property by foreigners, particularly within the coastal areas, is rising at a speedy tempo, in line with information submitted to the Home of Inside Affairs.
Within the Paphos province, within the final ten years, 56% of actual property markets had been made by foreigners of third nations and 16% by European residents.
Within the provinces of Limassol, Larnaca and Famagusta, complete charges are 50%, and in Nicosia at 15%.
Concerning the land of land owned by foreigners, in Paphos it’s 9.6%, within the free province of Famagusta at 7%, in Limassol nearly 6%, Larnaca at 5percentand Nicosia at 1.5%.
Supply: Rick/Nikos Schizas Radio
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