In quite general terms, the use of the rental capitalization method for the valuation of an income producing property is based on the rental value of the property capitalised by the appropriate rate (cap rate) based on the yield.
The Cyprus Central Bank reports that the price of residential property in Cyprus (apartments and houses) continued to rise on a quarterly and annual basis during the fourth quarter of 2017.
A 40 million Euro residential construction and development project is planned on the coastline of a prime area in Limassol by Russian businesswoman and philanthropist Yelena Baturinam.
Work on the construction of two luxury residential twin towers ay Ayia Napa should get underway in late September and will form part of the town's new marina accommodating 400 to 450 vessels.
