Cyprus Property Price Index Q1 2017This is the thirtieth publication of RICS’ Cyprus
Property Price Index, a quarterly price and rental
index which is based on methodology produced by
the University of Reading, UK. The Index tracks
property and rental prices across all districts and
main property types.
Introduction & Commentary
During the first quarter of 2017 the Cyprus economy showed
further signs of stability, with a seasonally adjusted quarterly
GDP growth of 0.6% and an annual seasonally adjusted GDP
growth of 3.3%. Unemployment remained at relatively high
levels, on a downtrend to ca 12.8% (from the high levels of 17%). Given prevailing economic conditions and the marginally improved confidence in the Cyprus’ banking system, there are relatively higher transactions during the quarter. Financial Institutions, despite of their NPLs, have been more willing to provide access to finance and there is an increasing interest from locals.
More details at the link