Cyprus Property Price Index Q1 2020 - Residential Prices decreased across Cyprus

During the first quarter of 2020, the Cyprus economy began to decline compared to the previous quarter, with a seasonally adjusted quarterly GDP change of -2.1% and an annual seasonally adjusted DP growth of only 0.8%.

Across Cyprus, residential prices for both houses and flats decreased on a quarterly basis by -1.8% and -0.81% respectively, with the biggest decreases being in Paphos, -2.47% for flats and in Limassol -2.77% for houses.

At the same time, Across Cyprus, on an annual basis, prices increased by 2.4% for flats, by 1.5% for houses and by 0.9% for offices.

Prices decreased by -0.2% for retail and -3.5% for warehouses.

Lambros Kaloyirou BSc (Hons) MRICS .

Urban Keys Chartered Surveyors Ltd .

www.urban-keys.com.

70, 28TH October Ave 2414, Nicosia, Cyprus. .

Telephone: +357 22 27 00 19 .

E-mail: [email protected].

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