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Apartments Keep Pushing Residence Prices Up
January 24, 2022
Residential property prices in Cyprus continued to rise in Q3 2021, primarily driven by apartment purchases, according to Residential Property Price Index released by the Central Bank of Cyprus (CBC).
The Index recorded a quarterly increase of 0.5% compared to 0.3% in the Q1 2021, while on an annual basis the index recorded an increase of 1.2% compared to 0.3% in the corresponding quarter of the previous year.
House prices in the third quarter decreased in many areas, both on a quarterly and annual basis, contrary to the increase in apartment prices.