In Cyprus's southern coastal city of Limassol, Russian and Ukrainian firms fleeing wartime conditions, and Israeli investors betting on real estate, have driven prices up and local residents out.
The only solution, according to Limassol mayor Nico Nicolaides, is to build social housing, "We don't want Limassol to become a city where only white-collar workers can live," he told AFP.
In Cyprus's southern coastal city of Limassol, Russian and Ukrainian firms fleeing wartime conditions, and Israeli investors betting on real estate, have
Natives of Limassol can't afford to live in hometown with rent having nearly quadrupled since 2016, as 'triangle' of foreigners develop, sell and rent to one another