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Property market of Cyprus will stabilize In 2011

Analysts believe that, in Cyprus property prices won't change compared to 2010.

Vice-President of the Association of Appraisers and Consultants of Cyprus Kiryakos Talatinis says that major factor which will affect the domestic demand in the property market of Cyprus will become the standard of assessment of housing by banks. In 2011 the demand will depend on the banks, and accordingly the property prices in Cyprus.

 real estate market of Cyprus
 
Thus, analysts emphasize that the demand for Cyprus property by Russian buyers will remain consistently high, particularly in Limassol. According to the statistics, 60% of all Russians who buy property in Cyprus, purchase it in Limassol. This is due to the presence of large Russian community and schools for the Russian in this city. And in 2011, Paphos and Larnaca will be the popular cities among the buyers.
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