Cyprus Property News magazine for overseas buyers & real estate investors

Tuesday 11th August 2020
Home Property Prices Cyprus Home Price Index up 1.84 percent in July

Cyprus Home Price Index up 1.84 percent in July

BuySell Cyprus Real Estate, a real estate advertiser, publishes a monthly ‘Home Price Index’ – the only one of its kind in Cyprus.

The company started to produce the 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 property sales/month.

When the index started in January 2004, the average residential property price was CYP 77,910. By the end of July 2007, it had reached CYP 100,546 – an increase of 29.05% over the 43 months since its introduction. This equates to an approximate annual growth of 8.11%.

For the whole of 2006, the Index rose by 5.87%, after a rise of 2.48% in 2005.

In the first 7 months of 2007, the Index has risen by 7.78%

WEATHER FORECAST

EXCHANGE RATES

EUR - Euro Member Countries
GBP
1.1113
RUB
0.0116
CNY
0.1221
CHF
0.9294

TOP STORIES

Property sales to foreigners continue to fall

The number of Cyprus property sales to foreigners continued to fall in July with numbers down to 36 per cent on the numbers sold in July 2019 according to the Department of Lands and Surveys.

Property sales in Cyprus improving

The number of property sales in Cyprus is improving following the government's decision to introduce an interest rate subsidy for new housing loans granted from 1st March 2020 until 31st December 2020.

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