Prices of houses and flats in Cyprus further accelerated in the first quarter of 2017, figures released by the RICS’ Cyprus Property Price Index published today.
Throughout the island, residential prices for both houses and flats increased on a quarterly basis by 2.3% and 1.3% respectively, with the biggest increase recorded in Larnaca, 4.6% for flats and 2.8% for houses.
Prices for holiday homes on a quarterly basis across Cyprus grew by 1.7% for flats and 1.3% for houses.
Limassol recorded the highest quarterly increases for holiday apartments with an increase of 2.9% and Paralimni for holiday homes with an increase of 2.1%.
Across Cyprus, on a quarterly basis rental values rose by 2.5% for apartments, 2.6% for houses, 1.6% for retail, 4.6% for offices while for warehouses they remained stable.
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RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations , Greek travel market, Greek tourism statistics, Greek tourism report
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Source: cna.org.cy
