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Home Prices Up Says Cyprus Central Bank

Home Prices Up Says Cyprus Central Bank

Home prices in Cyprus (houses and apartments) recorded a quarter-on-quarter increase of 0.5 per cent in the second quarter of 2017 according to the Cyprus Central Bank’s latest Residential Property Price Indices.

Apartment prices

Compared with the first quarter of 2016, apartment prices in Larnaca fell by 1.1% and by 1.0% in Paphos. However in the remaining districts of Nicosia, Limassol and Famagusta they rose by 2.3%, 2.2% and 2% respectively. On an annual basis, apartment prices in Paphos fell by 3.2%, but rose in the other four districts. Prices in Limassol rose by 6.1%, prices in Nicosia rose by 2.7%, while prices in Famagusta and Larnaca rose by 2.3% and 0.9% respectively.

House prices

Compared with the first quarter of 2016, house prices in Nicosia fell by 0.7% while remaining steady in both Limassol and Famagusta and rising by 0.1% in Larnaca and 2.6% in Paphos. On an annual basis, house prices in Larnaca fell by 2.3% and by 0.1% in both Nicosia and Famagusta. Meanwhile house prices in Paphos rose by 2.2% and in Limassol by 1.1% Courtesy of www.cyprus-property-buyers.com Read More

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