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more often,S. the housing market has shown a drop of 40% in terms of real estate values the UK up to 30% Greece 40% and Spain for the touristic areas 40% What is interesting however is that these price reductions meet offers by interested buyers In Cyprus the situation is quite different however adding to the whole confusion Property prices in Cyprus have now reached as a maximum reduction of ±30% and that refers to property in the touristic areas whereas the residential ones (ie where demand

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