HOUSE prices in Cyprus fell 4.2 per cent during the fourth quarter of 2015 compared with the previous quarter and by 0.6 per cent compared with the fourth quarter of 2014 according to figures published on Tuesday in a Eurostat news release.
According to the news release house prices in the euro area rose by 2.9% and by 3.8% in the EU in the fourth quarter of 2015 compared with the same quarter of the previous year.
Compared with the third quarter of 2015, house prices remained stable in the euro area and rose by 0.2% in the EU in the fourth quarter of 2015.
The highest annual increases in house prices during the fourth quarter of 2015 in EU Member States were recorded in Sweden (+14.7%), Hungary (+10.3%), Ireland (+8.9%) and the United Kingdom (+7.1%), while the highest falls were observed in Croatia (-2.1%), Lithuania (-2.1%), and Austria (-1.7%).
In the same report, the highest quarterly increases were recorded in Bulgaria (+3.1%), Latvia (+2.3%) and the Sweden (+2.0%) and the largest falls in Cyprus (-4.2%), Lithuania (-2.1%) and Austria (-1.7%).
Further reading
Eurostat news release 68/2016 – 12 April 2016
It’s only worth what someone is willing to pay for it.
And in Cyprus that appears to be not a lot.
A beautiful Island in the Med, sun sea and sand, ruined by unions, developers and the Government. Prices for goods far to high, cost of living inflated to support Government workers.