Latest Headlines

All reports tagged with: "property price"

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.

Disappointing drop in Cyprus real estate prices

The fifth issue of the RICS Cyprus Property Price Index show that real estate prices across the Island fell during the fourth quarter of 2010, with house and apartment prices falling by an average of 2.6% and 2.4% respectively.

Residential property prices continue to fall

During the third quarter of 2010, the capital values of residential houses and apartments fell by 0.9 percent and 2.1 percent respectively according to the fourth issue of the RICS Cyprus Property Price Index.

Property prices may stabilise in 2011

The vice president of the Cyprus Association of Valuers and Property Consultants believes that property prices may stabilise in 2011 following falls over the past two years.

Central Bank real estate price index

In its December Economic Bulletin, the Central Bank of Cyprus presented the results of the Real Estate Price Index it prepared in collaboration with domestic monetary and financial institutions.

Further decline in property prices

The Central Bank of Cyprus anticipates that property prices will continue to fall in 2010 according its June economic bulletin and warns that the risks to the banks will be greater if the slump in property prices is higher than expected.

Storm clouds darkening over Cyprus

An economist report has highlighted a number of significant problems in the Cyprus property market and warns that prices have still to fall from their already depressed levels before they bottom out.

Property prices in Cyprus ‘distorted by local factors’

The high prices of property in Cyprus – especially houses compared to apartments – are caused by a range of distortions in the local market, according to views canvassed by the Cyprus Mail.

Is property in Cyprus overpriced?

In the wake of Cyprus’ remarkable real estate boom many people believe that property on the Island is overpriced. Here is a simple test to see if they are correct.

RICS Cyprus property price index published

Earlier today, RICS Cyprus published the first issue of its property price index which is based on a methodology developed by Reading University in the UK.

Back to top