Big Spenders are Not Reaching the Cyprus Property Market

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Big Spenders are Not Reaching the Cyprus Property Market

According to Paul Nearchou, the London based property expert, big money from HNWIs is not reaching the Cyprus property market for various reasons. It is interesting that even Portugal is managing to attract more funds than Cyprus due to the perception that Portugal is closer to Western Europe than Cyprus. One of the major reasons is that pension and real estate investment funds have more trust in the Northern Europe real estate market and expecting it to rebound quicker after the pandemic is over.