In light of the various Cyprus property price indexes that abound at the moment, the director of Sapienta Economics Ltd Fiona Mullen asks the question how far have Cyprus property prices fallen?
Although output in the island's construction sector is around one quarter of it what it was twelve years ago, output prices have taken a long time to respond, falling by only 0.4 per cent in 2012.
If you are wondering why the Island's real estate market has been doing so badly lately, the recently released data on dwellings from the October 2011 census provide a good clue.
Due Diligence
Due diligence is absolutely essential before committing to buy a property.
