This week, the Central Bank of Cyprus published its residential property price index for the second quarter of 2016. Prices dropped by a comparatively mild 0.5% over the previous period and by 1.7% compared with the second quarter of 2015.
If you own an apartment in Paphos, the news was even better, as it was the only region that saw a year-on-year rise. Apartment prices rose by 3.3% over the same period of the previous year, although they slipped by 0.9% compared with the previous quarter. House prices in Paphos were also up 0.4% year on year. Read full article