Cyprus banks have announced during the first weeks of January 2020, deposit interest rates between 0,5% to a negative of 1%. As a result physical and legal persons started looking for alternatives. Property seems to be a popular alternative among everyone. Generally investing in property in Cyprus will yield a yearly return between 3% to 6%. Demand for property investment is increasing and supply is getting less therefore 2020 is a year that property prices will be on the rise.
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