Τhe Statistical Service of Cyprus publishes for the initial time the HPI which is a quarterly index that measures the change in the average prices of residential dwellings. It captures all types of residential properties, which are both new and existing. Consistent with preliminary estimate of the Statistical Service, the HPI for the first zone of 2016, amounts to 86,32 units. Compared to the fourth quarter of 2015, the index decreased by 3,4% while when compared with the corresponding quarter of 2015, HPI decreased by 1,2%.
Key findings of Cyprus real estate conference
RICS in Cyprus hosted a conference on REO & NPL Management on 8 March 2017 at the Hilton Hotel in Cyprus. The event brought together real estate professionals, banking executives and regulators to discover and discuss the state of the Cyprus real estate market as well as strategies for the management of REO and NPL portfolios.