Cyprus Property News magazine for overseas buyers & real estate investors

Tuesday, June 2, 2020
Home Property Prices Cyprus Home Price Index up 1.72 percent in June

Cyprus Home Price Index up 1.72 percent in June

The index is published monthly by BuySell Cyprus Real Estate, a real estate advertiser.

BuySell started to produce its price index in 2004. It shows the movement of prices at which residential properties in Cyprus are sold and is based on an average of around 400 to 500 home sales/month.

When the index started in January 2004, the average residential property price was CYP 77,910. By the end of June 2007, it had reached CYP 98,728 – an increase of 26.72% over the 42 months since its introduction. This equates to an approximate annual growth of 7.63%.

For the whole of 2006, the Home Price Index rose by 5.9%, after a rise of 2.5% in 2005.

In the first 6 months of 2007, the home price index has risen by 5.83%

LOCAL WEATHER

Cyprus
few clouds
24.3 ° C
27 °
22.2 °
60 %
10.8kmh
20 %
Tue
23 °
Wed
23 °
Thu
21 °
Fri
24 °
Sat
29 °

EXCHANGE RATES

EUR - Euro Member Countries
GBP
1.1240
RUB
0.0130
CNY
0.1260
CHF
0.9304

MOST POPULAR

property tax

Property sales collapse hits all markets

The historic collapse of 80 per cent in property sales in April hit the local and overseas market segments according to statistics from the Department of Lands & Surveys.