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Property Prices

Property prices continue to weaken

Property prices across Cyprus continued to weaken during the fourth quarter of 2014 with both house and apartment prices falling according to the RICS Cyprus Property Price Index.

Residential property prices fall 1.7 per cent

Residential property prices in Cyprus continued to fall in the third quarter of 2014, according to a Eurostat newsrelease published today, falling 1.7% compared to the third quarter of 2013.

Real estate prices expected to fall

Pundits in the real estate sector expect that property prices will continue to fall in 2015 but believe that interest from overseas buyers will continue due to incentives introduced by the government.

Property prices up to 9.6 per cent down

Property prices in Cyprus fell by up to 9.6 per cent year-on-year during the third quarter of 2014, according to the twentieth publication of the RICS Cyprus Property Price Index, with falls continuing in many parts of the island.

Property price falls slow

Property prices across Cyprus have recorded the smallest quarterly fall in the last five quarters (since March 2013) according to the Cyprus Central Bank Property Price Index for the second quarter of 2014.

Property prices continue to fall

Residential property prices across Cyprus continued to fall during the second quarter of 2014 with the greatest falls being recorded in Paphos where apartment and house prices fell by 2.8% and 2.1% respectively.

Property prices in decline four and a half years

The RICS Cyprus Property Price Index has recorded a steady decline in the prices of residential houses and apartments across the island since its introduction in the last quarter of 2009.

Third largest price falls in EU

Cyprus recorded the third largest annual decline in house prices in the EU during the first quarter of 2014, according to data released Thursday by Eurostat, with prices falling by 5.7 per cent.

Property prices at 2006 levels

Property prices in Cyprus have fallen back to levels last seen towards the end of 2006 according to the latest quarterly Residential Property Price Index released by the Central Bank of Cyprus.

Dramatic fall in Cyprus property prices

Over the past year residential house prices in Cyprus have fallen by 7.8 per cent while apartment prices have fallen 10.7 per cent, according the RICS Cyprus Property Price Index for Q1 2014.

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