KPMG in Cyprus announces that the “RICS Cyprus Property Price Index with KPMG in Cyprus” has been issued for 2022 Q4.
On behalf of KPMG in Cyprus, Christophoros Anayiotos, Head of Real Estate Industry Group, stated, “During the last quarter of 2022 the increasing trend in property values continued in most asset classes, with notable increases in Paphos. The best performing asset classes are again Apartments, followed by Offices and closely by Houses. Retail and Warehouses displayed minor adjustments, apart from a sharp decline in Larnaca Retail. Rental values have also increased, with holiday apartments and residential sector properties (apartments, houses) exhibiting the largest increases - the same trend was also identified in property yields”.
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