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29th March 2024
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Market stagnant despite price cuts

The global recession, the Title Deed fiasco, greed, stricter bank lending criteria and high interest rates blamed for stagnant property market as plummeting house prices fail to ignite sales.

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.

Price falls slowed in Quarter 2 2010

Cyprus property prices fell at a slower pace during the second quarter of 2010 with Cypriot buyers starting to return to the market according to the recently published RICS Cyprus property price index.

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.

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.

RICS Cyprus property price index

Designed by Dr Pat McAllister from the Reading University Department of Real Estate & Planning, the RICS (Cyprus) property price index will be launched on Friday 29 January in Nicosia.

No margin for further price reductions

The chairman of the Cyprus Land & Building Developers Association has said that there is no margin for making further cuts in property prices and that external demand may improve if Cyprus overcomes the problem with Title Deeds.

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