Since 1970
Call us: +357 (24) 822 870 // www.palourtis.com

Newsletter

Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 13 May 2019 Petrolina will move storage units by years end

    read more

  • 6 May 2019 Energy saving measures grant scheme

    There are opportunities for those living in Cyprus to the reduce their energy... read more

  • 30 April 2019 KPMG Sales of many properties over 1 million

    The exogenous demand for luxury properties, particularly in Limassol, is... read more

  • 22 April 2019 Cyprus real estate investment Prospects and Risks

    The figures, trends and the state of the Cyprus real estate market over the... read more

  • 19 April 2019 Solution for trapped buyers edging closer

    Amendments to the law designed to resolve the Title Deed mess by enabling... read more

Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 13 May 2019 Petrolina will move storage units by years end

    read more

  • 6 May 2019 Energy saving measures grant scheme

    There are opportunities for those living in Cyprus to the reduce their energy... read more

  • 30 April 2019 KPMG Sales of many properties over 1 million

    The exogenous demand for luxury properties, particularly in Limassol, is... read more

  • 22 April 2019 Cyprus real estate investment Prospects and Risks

    The figures, trends and the state of the Cyprus real estate market over the... read more

  • 19 April 2019 Solution for trapped buyers edging closer

    Amendments to the law designed to resolve the Title Deed mess by enabling... read more

How will property values change in 2019

The Cyprus property portal Zyprus, which enables business to advertise their properties for sale and rent, has recently added a forecasting tool that helps owners of property assess how its value may change in 2019.

   

 

FOLLOWING the rising demand in the Cypriot property market, a question that naturally arises is how much will property prices in Cyprus change in 2019?

The Zyprus.com ZyForecast tool provides a starting point to gauge how much the price of the residential units by type (e.g. apartments, houses) will change in each Cyprus region. This analysis is based on a bespoke algorithmic model that utilizes numerous economic and housing data that might impact future residential values.

The results of the ZyForecast tool are summarized below:

Limassol :

For Apartments in Limassol, it is predicted that for the year 2019 prices will rise by 6.63%, while the prices for Houses in Limassol are expected to increase moderately by 2.77%.

Paphos :

Prices for Apartments in Paphos are expected to grow by 7.49% while Houses in Paphos are expected to grow by 1.90%.

Larnaca :

The picture is different in Larnaca; Apartments in Larnaca are expected to show a lower annual trend of 3.57%. On the other hand, Houses in Larnaca are predicted to show a relatively strong rise of 4.73%.

Famagusta :

On an annual basis, Apartments in Famagusta are predicted to grow by 2.57%, contrary to Houses in Famagusta where forecasting suggests a stronger increase by 4.99%.

Nicosia :

Finally, an annual growth of 1.96% is expected for Apartments in Nicosia, while the projected annual growth for 2019 for Houses in Nicosia will be 1.81%.

A synopsis of the forecasting results reveals that for Apartments, Limassol and Paphos are expected to show the highest annual growth (6.63% and 7.49% respectively).

However, when it comes to the Housing market, the Zyprus.com ZyForecast tool predicts that Larnaca and Famagusta will show the highest pace of increase, by 4.73% and 4.99% respectively.

It is worth highlighting that overall, the output of the ZyForecast model expects that Cyprus property prices will not decline in any of the regions when it comes to Apartments and Houses.

Read more at: http://www.news.cyprus-property-buyers.com/2019/01/21/how-will-property-values-change-in-2019/id=00155223


Copyright © Cyprus Property News