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RICS Cyprus Property index Q4 2016

Published on: 18 May 2017

RICS analysis of property prices in Cyprus as at 31/12/2016

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 a sluggish interest from locals.

The Property Price Index has recorded increases in almost all cities and asset classes, with significant increases being recorded in Larnaca, Limassol and Nicosia, whilst other cities are progressively bottoming out.

Across Cyprus, compared to Q4 2016, flats increased by 3.7% , houses by 3.4%, offices by 4.7%, warehouses by 1.9% and retail by 2.1%.

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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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