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    Fortunately, the government is proceeding with helpful measures in order for... read more

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Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 28 May 2020 Coronavirus Anastasiades outlines millions to be pumped into the economy updated

    Fortunately, the government is proceeding with helpful measures in order for... read more

  • 26 May 2020 The elite are snapping up pandemic passports so they can escape to safer countries

    Millionaires are looking to escape to a safe country with good medical... read more

  • 14 May 2020 CASINO RESORT Construction work resumes

    Construction work on the City of Dreams Mediterranean casino will resume on... read more

  • 11 May 2020 KEVE All the details of the business and employee support measures

    To deal with the effects of the crisis on the coronaire after their approval... read more

  • 13 March 2020 THE RECONSTRUCTION PLAN OF THE LARNACA MARINA

    The Larnaca Port & Marina Master Plan will become a great resource for the... read more

Property prices falling more slowly

PROPERTY prices in Cyprus continued to decline in the second quarter of 2015 with the prices of and apartments falling by 0.4 percent and 0.6 percent respectively according to the latest residential property price index published by the Cyprus Central Bank. (This compares with price falls of 0.8 percent and 1.5 percent for houses and apartments respectively during the first quarter of 2015.) The largest quarterly fall in apartment prices was recorded in Nicosia (-2%), followed by Paphos (-1.7%) and Famagusta (-0.7%). However apartment prices in Limassol and Larnaca rose by 1.1 percent and 1.7 percent respectively. The largest quarterly fall in house prices was recorded in Larnaca (-1.3%), followed by Paphos (-1.2%) and Limassol (-0.7). Prices in Nicosia remained steady, while those in Famagusta rose 0.2 percent. Year-on-year house prices have fallen of 4.6 percent, while apartment prices have fallen 6.2 percent. The Central Bank anticipates that home prices will stabilise around 2006 levels, the year in which excessive demands for loans resulted in the property sector overheating. “The economy as a whole is showing signs of recovery with GDP growing in 2015, while demand for real estate continues to show annual increases. These developments are expected to help stabilise property prices” said the Central Bank in its report.

Read more at: http://www.news.cyprus-property-buyers.com/2015/09/29/property-prices-falling-more-slowly/id=0097136
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