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Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 13 July 2020 Μελέτη για τις περιοχές των Βρετανικών Βάσεων

    Ανακοινώθηκε η περιβαλλοντική μελέτη για... read more

  • 9 July 2020 Cabinet extends town planning incentives

    THE CABINET on Wednesday decided to extend existing town planning incentives... read more

  • 23 June 2020 Historic deal allows property development in British Bases

    CYPRIOTS who own land in non-military areas inside the British Bases will be... read more

  • 9 June 2020 Cyprus beaches have the best water quality in the EU

    Cyprus had the highest proportion of bathing sites with excellent water... read more

  • 28 May 2020 Coronavirus Anastasiades outlines millions to be pumped into the economy updated

    Fortunately, the government is proceeding with helpful measures in order for... read more

Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 13 July 2020 Μελέτη για τις περιοχές των Βρετανικών Βάσεων

    Ανακοινώθηκε η περιβαλλοντική μελέτη για... read more

  • 9 July 2020 Cabinet extends town planning incentives

    THE CABINET on Wednesday decided to extend existing town planning incentives... read more

  • 23 June 2020 Historic deal allows property development in British Bases

    CYPRIOTS who own land in non-military areas inside the British Bases will be... read more

  • 9 June 2020 Cyprus beaches have the best water quality in the EU

    Cyprus had the highest proportion of bathing sites with excellent water... read more

  • 28 May 2020 Coronavirus Anastasiades outlines millions to be pumped into the economy updated

    Fortunately, the government is proceeding with helpful measures in order for... read more

The stabilisation of residential property prices continued

The Central Bank of Cyprus has published the Residential Property Price Index for the first quarter of 2016. 

During 2016Q1, the RPPI recorded a marginal decrease (0,8%) compared with the fourth quarter of 2015. House prices showed a quarterly decline of 1,3%, while the apartment prices registered a quarterly increase of 0,6% (Chart 1). The fact that during the last four quarters the RPPI registered either marginal decreases or remained stable, shows the trend for price stabilisation that currently exists in the property market.

On an annual basis, the RPPI recorded a 1,6% decrease compared with an annual decrease of 1,8% in 2015Q4. House prices fell by 1,9% and apartment prices fell by 0,7% on an annual basis, compared with annual reductions of 1,4% and 2,8%, respectively, in 2015Q4. As shown in Chart 2, these annual reductions are on a steady path towards the zero line, meaning that residential property prices are stabilising1.

For complete report please visit http://www.centralbank.gov.cy/nqcontent.cfm?a_id=15421&lang=en

 

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RPPI_EN_2016Q1_.pdf 493.35 Kb .pdf