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Planning and permitting delays can add around €60,000 to the average price of a new apartment in Cyprus, without increasing a developer’s profit by a single euro. According to Yiannis Misirlis, chairman of the Cyprus Property Developers Association (CPDA), public debate over…
To respect copyright, we link to the source rather than republishing the full text. Read the complete article on Cyprus Mail.
14 July
Reports highlight the hidden costs associated with delays in the housing market.