Coastal property sales slump 40 per cent
(archive article - Saturday, November 22, 2008)
PROPERTY sales in coastal areas have dropped up to 40 per cent as a result of flagging demand from foreign buyers, though prices are generally stable, estate agents said yesterday.
“There is a big decrease in demand, especially from outside and especially from the British market, who are our traditional customers,” said Solon Kourouklides, chairman of real estate agents.
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