The coronavirus pandemic has considerably influenced the Cypriot real estate market place. The sector has ordinarily been hugely dependent on foreign purchasers, especially in latest a long time due to the effects of the ‘golden passports’ investment decision method.
As revealed in the semi-yearly report of Pandora Investments General public, profits during the pandemic amounted to roughly $41 million, compared to $62.4 million in 2019. Pandora is a element of Leptos Team, just one of the premier land developers in Cyprus.
Similarly, the gross sales of Aristo Builders Ltd, declined by 69% between January-June 2020, in contrast to the exact same time period in 2019. The decrease was