Cyprus property sales at pre-crisis levels - Anastasiades

Sales in Cyprus real estate have bounced back from the country's crisis in 2013 and the sector is now showing dynamic growth, the country's president Nicos Anastasiades said late Tuesday.

At a general assembly of the Cyprus Land and Building Developers Association, Anastasiades said that "the real estate market is moving at a satisfactory pace at all levels, both in terms of sales and the number of building permits" and that sales are at pre-crisis levels.

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The island nation has managed to draw strong investor interest from abroad with its Golden visa program, one of the most successful in Europe. Non European Union nationals eager to secure Cypriot residency and access to Europe ploughed some 4 billion euros into Cyprus' property last year, amounting to about a quarter of the Cypriot economy.