RICS Cyprus Property index Q3 2017
|Published on: 15 February 2018|
RICS analysis of property prices in Cyprus as at 30/09/2017
The Property Price Index has recorded increases on an annual basis in all cities and asset classes, with significant increases being recorded in all Districts, with Paralimni and Paphos showing slightly smaller annual increases. During the third quarter of 2017 the Cyprus economy showed further signs of stability, with a seasonally adjusted quarterly GDP growth of 0.9% and an annual seasonally adjusted GDP growth of 3.9%. Unemployment remained at relatively high levels, on a continued downwards trend to ca 10.2% (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 and improved market sentiment. Financial institutions, despite of their NPLs, have been more willing to provide access to finance and an estimated €2.1 billion have been granted in loans by local banks (excluding rescheduling) for the first nine months of 2017.Download Report
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