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RICS Cyprus Property index Q4 2017

Published on: 30 May 2018

RICS analysis of property prices in Cyprus as at 31/12/2017

The 33rd publication of the RICS Cyprus Property Price Index reports that the average price of residential apartments and houses across the island rose by 0.8% and 1.4% respectively over the fourth quarter of 2017. RICS Cyprus monitors apartment and house prices in non-coastal areas. Price increases in these areas could be due to a domino effect caused by the demand for properties in the coastal areas of Limassol and Larnaca by overseas investors wanting Citizenship or Permanent Residency. It will be interesting to see what effect the recent decision by the Council of Ministers to limit the number of citizenship applications to 700 a year will have on house and apartment prices.

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About Urban Keys Real Estate & Chartered Surveyors

Headquartered in Nicosia, Cyprus and with a reach in all districts, Urban Keys Real Estate & Chartered Surveyors is a new venture with longstanding roots as real estate agents, property valuers and surveyors, offering consulting services to a wide range of clients and on all types of property matter – selling, buying, renting, leasing property throughout Cyprus.

Urban Keys is a young, fresh, dynamic and innovative agency. Our approach ensures the property sector in Cyprus is consistent to international standards, as well as made to suit a new generation, changing real estate market, and changing economy.

Urban Keys Real Estate & Chartered Surveyors
70, 28th October Avenue
Office 102, Engomi
2414, Nicosia, Cyprus.
Telephone:+357 22 27 00 19
Mobile:+357 99 43 44 51
E-mail:info 'at' urban-keys.com
Website:www.urban-keys.com

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