Cyprus Property Prices Increase by over 20%

From BuySell Press Release 

Residential property prices in Cyprus hit another record in November as prices rose by 21% year on year, according to the BuySell Home Price Index. This is the highest year-on-year increase recorded by the index, which began in 2004.

The BuySell Home Price Index rose for an eleventh consecutive month to 141.69, recording a significant monthly increase of 2.5%, compared with a month-on-month increase of 3.7% in October.

In the year to date, prices were up by 21.5%, compared with a more modest increase of 5.9% in 2006.

The increase brought the Average Home Price in Cyprus to CYP 110,390 (EUR 188,613).

Cyprus Property Help & Advice Centre™ ® ©
The Black Art of Buying Property in Cyprus™ ®
The Cyprus Informer™ ® ©
http://cyprusinformer.eu

Related posts:

1. Cyprus Property – Low-cost flights swell numbers to euro-havenTelegraph 24/03/2007 Cyprus is a British favourite and development is proceeding apace. However, some believe that the essential quality of the island could be compromised. Ben West reports Agents and developers in the south of Cyprus - the Greek sector - have been trumpeting the fact that budget airline Monarch is about to launch low-cost flights from Britain to the...
2. A Dream Home on CyprusA DREAM HOME ON.. CYPRUS CYPRUS HAS ALWAYS BEEN POPULAR WITH BRITS BUYING ABROAD… SO MUCH SO THAT SOME ARE NOW SNAPPING UP MORE THAN ONE PROPERTY. IF YOU’VE GOT AN EYE ON A HOLIDAY OR RETIREMENT HOME ON THE COPPER ISLAND, TRAVEL EDITOR GILL WILLIAMS GIVES HER EXPERT ADVICE ON HOW TO GO ABOUT IT...   15/04/2007  Sunday Mirror...
3. House prices in Cyprus are increasingBecause this site is a Cyprus Property & Finance blog, I am going to comment on articles published on the internet rather than quote them verbatim and leave it to you to work out what the advice should be !!  Here is the first review which picks up on information published in December about property prices in Cyprus.  Is the capital value of my...
4. Cyprus Property – Allow an Extra 11% for CostsBeware those hidden costs in buying a home By Jean Christou CYPRUS is placed 14th out of 37 European countries when it comes to transaction costs in purchasing a house, with buyers needing an extra 11 per cent to cover fees and charges when they buy here. A study by the Global Property Guide shows 23 countries with lower transaction...
5. Cyprus property market heading for crashCyprus property market heading for crash http://www.londongreeknews.co.uk/index.php?show=story_template&nwsflag=news&iden=st1_26042007.xml Following the patterns recently reported in the Spanish property market that the housing market is on the brink of collapse, Cyprus the destination for many holiday home buyers from the UK is recording negative drops in value. Much of the problem lies in the fact that the property developers in Cyprus have over...
6. Cyprus Property Bubble on Verge of Bursting  A new Cyprus Law is proposed making any mortgage rank behind a registered contract for sale will mean that banks will want their money back. Once the mortgage is out of the way then Title Deeds can be issued doing away with waits for legal ownership of 10 years or more becoming a thing of the past. Also Contracts with...
7. The Cyprus Informer – Online NewspaperThis is the site of THE CYPRUS INFORMER.  cyprusinformer.eu It is an online newspaper which specialises in Cyprus Property News and Finance but also publishes articles of general interest in Cyprus.  It has been running from December 2006. We have no connection to CyprusInformer.com which is an new organisation which promotes villa rentals and holidays. "The Cyprus Informer" is a name protected by...
8. Deposits – Cyprus Property Buying  Purchasers are often asked by Developers and Estate Agents to give a cash deposit to, for example, secure a particular property and take it off the market, secure the purchase price or simply show goodwill in the transaction.  Often these are declared upfront to be non refundable.  We don't agree that this is appropriate because the deposit and all payments should...
9. Cyprus Property Buyers and the Euro  Many pundits said that property prices would go up in Cyprus on conversion to the Euro.......they were right..... but did they think it through and realise that it could happen this way? It has been very easy to lose sight of what has been going on in the CYP/GBP/Euro triangle when many people have been focusing on the fix...
10. Fraud in Cyprus"fraud in Cyprus does not exist as specific criminal offence" When the Editor saw an article headed " Shark hauled up off Paphos" in the Cyprus Mail, he immediately thought of the Cyprus Informer article Beware of Property Sharks. But it was a real shark where Egyptian fishermen had caught a large shark, 2.5 metres, called ‘Pambakas’.  So we know...