Property Prices
Central bank reports property price falls intensifying
The fall in the prices of houses and apartments across Cyprus intensified during the final quarter of last year according the latest statistics published by the Central Bank on Monday.
Prices in Cyprus are continuing to fall says RICS
RICS Cyprus reports that prices of apartments and houses nationwide continued to fall during the fourth quarter of 2011 in the ninth issue of its Property Price Index with the hardest hit areas being Limassol and Paralimni.
RICS index reports falling real estate prices and rents
The eighth issue of the RICS Cyprus Property Price Index reports that real estate prices and rents across the Island’s main urban areas continued to fall during the third quarter of the year.
Property prices under pressure
According to figures released by the European Central Bank on Tuesday, property prices in Cyprus fell by 4.9 percent during the first half of 2011, almost twice the fall experienced in 2010.
Real estate prices & rents across Cyprus continue to fall
Property prices and rents across the major urban areas of Cyprus continued to fall during the second quarter of 2011, according to the seventh issue of the RICS (Cyprus) Property Price Index published earlier today.
Central Bank of Cyprus reports housing price falls
Residential housing prices in Cyprus have dropped for the sixth consecutive quarter according to the latest ‘Residential Property Price Indices’ report produced by the Real Estate Unit of the Island’s Central Bank.
Property prices and rents continue to fall
Real estate prices across the island continued to fall during the first quarter of 2011 according to the sixth issue of the RICS Cyprus Property Price Index, with house and apartment prices dropping by an average of 1.6% and 0.9% respectively over the quarter.
House prices drop, bad loans rise
In April we reported that the price of property in Cyprus had fallen by more that nine percent during 2010; our figures were based on the RICS (Cyprus) Property Price Index. In its latest Economic Bulletin, the Central Bank paints a somewhat rosier picture.
Market stagnant despite price cuts
The global recession, the Title Deed fiasco, greed, stricter bank lending criteria and high interest rates blamed for stagnant property market as plummeting house prices fail to ignite sales.
Cyprus housing market stumbles
Compared to other European member states, the housing market in Cyprus performed poorly in 2010, with price falls over the year averaging more than nine percent.
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