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Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 21 February 2020 One billion euro deal for Larnaca development

    The one billion euro deal with the investor for the one billion euro... read more

  • 18 February 2020 Cyprus as a top destination for headquartering

    The list of large companies that have chosen to relocate or part of their... read more

  • 17 February 2020 The Parliament Voted Positive on the Eviction of Bad Tenants

    With 31 votes in favor, 15 against and 2 abstentions, the Parliament turned... read more

  • 4 February 2020 60 Years of waiting for growth in the British Bases

    In 2014, a very important agreement was reached between the Cypriot... read more

  • 3 February 2020 Building coefficient up to 25 percent for housing solution

    A 20% - 25% increase in the building rate is expected to provide for a... read more

Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 21 February 2020 One billion euro deal for Larnaca development

    The one billion euro deal with the investor for the one billion euro... read more

  • 18 February 2020 Cyprus as a top destination for headquartering

    The list of large companies that have chosen to relocate or part of their... read more

  • 17 February 2020 The Parliament Voted Positive on the Eviction of Bad Tenants

    With 31 votes in favor, 15 against and 2 abstentions, the Parliament turned... read more

  • 4 February 2020 60 Years of waiting for growth in the British Bases

    In 2014, a very important agreement was reached between the Cypriot... read more

  • 3 February 2020 Building coefficient up to 25 percent for housing solution

    A 20% - 25% increase in the building rate is expected to provide for a... read more

The stabilisation of residential property prices continued

The Central Bank of Cyprus has published the Residential Property Price Index for the first quarter of 2016. 

During 2016Q1, the RPPI recorded a marginal decrease (0,8%) compared with the fourth quarter of 2015. House prices showed a quarterly decline of 1,3%, while the apartment prices registered a quarterly increase of 0,6% (Chart 1). The fact that during the last four quarters the RPPI registered either marginal decreases or remained stable, shows the trend for price stabilisation that currently exists in the property market.

On an annual basis, the RPPI recorded a 1,6% decrease compared with an annual decrease of 1,8% in 2015Q4. House prices fell by 1,9% and apartment prices fell by 0,7% on an annual basis, compared with annual reductions of 1,4% and 2,8%, respectively, in 2015Q4. As shown in Chart 2, these annual reductions are on a steady path towards the zero line, meaning that residential property prices are stabilising1.

For complete report please visit http://www.centralbank.gov.cy/nqcontent.cfm?a_id=15421&lang=en

 

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RPPI_EN_2016Q1_.pdf 493.35 Kb .pdf