According to the Central Bank of the Republic of Cyprus, “thanks to the efforts of the Cypriot government, which in October 2021 initiated a program to attract the headquarters of foreign companies to the island, offering them tax incentives”, demand for office space for the relocation of foreign companies has increased in all regions of the country, and how a consequence, and for residential real estate, for the long-term life of foreign employees on the island. Basically, these are companies and individuals from geopolitically unstable regions. In numbers, prices increased the most in Limassol – by 6.9%.
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