The decline in interest among Israelis in the Cypriot real estate market - DW - 11-28-2023. | Blog

The decline in interest among Israelis in the Cypriot real estate market - DW - 11-28-2023.

Developers and agents in Cyprus are reporting a significant drop in demand and investments from Israel following the October 7 terrorist attack by Hamas. This is serious news that highlights the economic impact of the conflict on the region.

The decline in demand could have a negative impact on the Cypriot economy, considering the significant volume of investments that previously came from Israel.

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It also indicates unpredictable and risky business conditions in Cyprus, which are linked to political and military conflicts in nearby regions.

Experts hope that the situation will improve soon and demand will be restored, but there is currently no precise information on how long this decline may last and what the consequences for the economy of Cyprus might be.