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Residential

Cypriots squeezed out of Limassol property market

Natives of the coastal city of Limassol are being priced out of the property market in their hometown by wealthy foreigners, Agence-France Presse (AFP) notes in a reportage. In 2022 there was a 30% increase in real estate sales transactions (contracts deposited at the Land Registry) with Limassol achieving the greatest number of sales, followed by Paphos,…

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(Claudio Saputelli, Head of Real Estate at UBS Global Wealth Management’s Chief Investment Office)

Toronto, Frankfurt have the greatest housing bubble risk

Toronto and Frankfurt exhibit the most elevated risk levels on housing markets, according to the UBS Global Real Estate Bubble Index. Risks are also elevated in Zurich, Munich, Hong Kong, Vancouver, Amsterdam, Tel Aviv, and Tokyo, the yearly study which analyzed residential property prices in 25 major cities around the world reveals. In the US,…

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