Cyprus President: Real estate sector shows dynamic growth

Cyprus President Nicos Anastasiades said on Tuesday that the real estate sector is now showing dynamic growth that allows optimism about the future.

Addressing the General Assembly of the Cyprus Land and Building Developers Association (LBDA), he said “The real estate market is moving at a satisfactory pace at all levels, both in terms of sales and number of building permits, where we find today that real estate sales are at about pre-crisis levels, with even more optimistic prospects.”

He added that this also has a significant social dimension, as employment in the construction sector is increasing at a similar rate.

Source: CNA

Read more here.

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