The House Price Index marked a quarterly increase in the fourth quarter of 2016, for the second consecutive quarter, said the Central Bank, while annual house prices recorded a small decrease.
According to the House Price Index (House and Flats), compiled by the Central Bank of Cyprus (CBC), the real estate sector, as shown by other relevant indicators, is exhibiting a stabilizing path and a small recovery. This provides the market with optimism that the challenges that exist (non-performing loans, bank stock availability) will be successfully addressed.
Source: CNA
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