Cyprus Property Market Report, Third Quarter, 2008
House prices across Cyprus during Q3 2008 rose by just 1.5% on the previous quarter, as economic conditions start to taketheir toll on the Cypriot property market, according to the BuySell Home Price Index released on 24th of October. The average property price in Cyprus now stands at €193,323.
“House price sales around the world are leveling off, which has also affected the Cypriot market,” said Litsa Chrysostomou, marketing director for BuySell Cyprus. “We haven’t seen a serious slowdown however as there is still movement within thelocal Cyprus property market and from countries like Russia.
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