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Property Prices

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.

Fourth highest fall in house prices

Although house prices have gone through the roof in most of the 52 countries listed in the latest IMF Global Housing Watch report, house prices in Cyprus suffered the fourth highest fall.

Second largest price fall in EU

Residential property in Cyprus recorded the second largest price fall in the EU 28 and the biggest price fall in the Eurozone annually according to a Eurostat report published yesterday.

Property prices keep falling

The fourth quarter of 2013 saw the fall in residential property values continue in many areas of Cyprus with prices of houses and apartments falling by an average of 1.6% and 0.5% respectively over the quarter.

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