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House Prices Drop by 0.9%

By Editorial
Cyprus House Price Index

HOUSE PRICES dropped by 0.9 per cent in the period September-October. The average home on the island now costs £91,625.

The BuySell Home Price Index was created and is updated monthly on behalf of BuySell Cyprus Real Estate by the independent economic research organisation S. Platis Economic Research. The Index is announced during the second week of each month and depicts the movement of prices at which residential properties are sold in Cyprus, based on the extensive BuySell Cyprus Real Estate database.

The Index constitutes the only valid gauge of the Cyprus housing market and is considered an effective tool for home buyers, sellers and investors.

Copyright © Cyprus Mail 2006

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