21/01/2016 12:28
Property prices are rising in Cyprus according to data published yesterday by Eurostat.
Based on the figures, property prices in Cyprus rose by 2.5% in the third quarter of 2015 compared to the third quarter of 2014.
In the second quarter of 2015, the increase was 2.4% compared to the corresponding quarter of 2014.
Eurostat data are based on a different methodology than the Central Bank's.
According to the housing price index of the Central Bank an annual decrease of 3.7% has been recorded in the third quarter of 2015.
Eurostat supports that property prices in Cyprus in the third quarter of 2015 decreased by 0.7% compared to the previous quarter.
In the eurozone, prices rose by 2.3% in the third quarter of 2015, compared to the third quarter of 2014, while in the EU, an increase of 3.1% was recorded.
The largest increases were observed in property prices in Sweden (+ 13.7%), Austria (9.3%) and Ireland (8.9%).
On the other hand, property prices fell in four EU countries with the largest decreased recorded in Latvia (-7.6%).
Based on the figures, property prices in Cyprus rose by 2.5% in the third quarter of 2015 compared to the third quarter of 2014.
In the second quarter of 2015, the increase was 2.4% compared to the corresponding quarter of 2014.Eurostat data are based on a different methodology than the Central Bank's.
According to the housing price index of the Central Bank an annual decrease of 3.7% has been recorded in the third quarter of 2015.
Eurostat supports that property prices in Cyprus in the third quarter of 2015 decreased by 0.7% compared to the previous quarter.
In the eurozone, prices rose by 2.3% in the third quarter of 2015, compared to the third quarter of 2014, while in the EU, an increase of 3.1% was recorded.
The largest increases were observed in property prices in Sweden (+ 13.7%), Austria (9.3%) and Ireland (8.9%).
On the other hand, property prices fell in four EU countries with the largest decreased recorded in Latvia (-7.6%).
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