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Latest News & UpdatesProperty Prices

Property Prices Slip for Second Month in a Row

By Editorial
Housing crisis exacerbated by permits approval

Central Bank influence being felt?

Property prices slipped for the second month in a row in October according to the BuySell Home Price index, dropping by 0.9% over the previous month, after a fall of 0.8% in September.

However, prices are still 6.7% higher than they were in January and 5.7% higher than in October 2005.

The Average Home Price is now CYP 91,625, compared with CYP 83, 226 in January 2005, according to S. Platis ECONOMIC RESEARCH, the independent research organisation that devised and maintains the index for BuySell Cyprus.

Copyright © Financial Mirror 2006

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