Cyprus Properties

Tuesday, May 6, 2008

Cyprus house prices seem to defy global trends

Prices rose by 1% month on month in February and by 3.6% in January, more than covering for the December 1.9% fall.

The BuySell Home Price Index closed at 143.64 units in March 2008, bringing the Average Home Price in Cyprus to EUR 191,216 (CYP 111,914).

The BuySell Home Price Index is the only house price index in Cyprus. It was created and is updated monthly on behalf of BuySell Cyprus Real Estate by MAP S. Platis.

The Index is announced quarterly and depicts the movement of prices at which residential properties are sold in Cyprus, based on the extensive BuySell Cyprus Real Estate database.

House for sale in Cyprus