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RICS Cyprus Property index Q1 2018

Published on: 22 October 2018

RICS analysis of property prices in Cyprus as at 31/03/2018

During the first quarter of 2018 the Cyprus economy showed further signs of recovery, with a seasonally adjusted quarterly GDP growth of 1% and an annual seasonally adjusted GDP growth of 4%. Unemployment dropped significantly to 9.3% from 12.3% a year ago and from the record high of 17,6% in 2015 Q1. Across Cyprus, residential prices for both houses and flats increased on a quarterly basis by 1.3% and 2.9% respectively, with the biggest increase being in Nicosia, 4.7% for flats and Famagusta 3.6% for houses. Notably Paphos remained stable for residential prices, while Limassol showed a slight decrease of 0.8% in house 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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