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Moderate property price rises continue

October 22, 2018

DURING the second quarter of 2018 the Central Bank of Cyprus (CBC) reports that the residential property price index rose by 0.3% over the second quarter of 2018, with the price index for houses and apartments rising by 0.2% and 0.7% respectively.

Referring to the price increases as ‘moderate’ except in certain areas, the CBC notes that the index has now recorded increases for eight consecutive quarters.