Cyprus is expected to experience a decline in both rental and property purchase prices in the coming years, President Nikos Christodoulides announced this week.
Speaking at a dinner hosted by the Cyprus Property Developers Association in Limassol, the president attributed the anticipated price drop to new housing developments that are set to balance supply and demand in the market.
Addressing attendees, including Interior Minister Constantinos Ioannou, Christodoulides described real estate
