Firms based in Ukraine and Russia are relocating their staff to Cyprus, resulting in increased demand for housing units, especially in Limassol, a phenomenon that is expected to continue in the coming months, the Chairman of the Real Estate Registration Council Marinos Kineyirou, told CNA.
Kinegyirou was replying to CNA questions regarding the consequences of the war in the real estate sector of Cyprus.
Real estate agent Antonis Loizou, noted that Ukrainian buyers were the most up-and-coming real estate market in Cyprus, while it is known that Russians have a large market share.
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