Rising prices in the island’s real estate is considered to be a natural development by the industry’s big players who say a cycle of fluctuations with ups and downs has been recorded throughout the years.
Central Bank of Cyprus (CBC) data for the fourth quarter of 2018 shows that real estate prices were at 75% of 2010 prices after eight long years of house price falls.
On a quarterly basis, residential property prices rose by 0.2% in the fourth quarter of 2018.
The housing market is expected to continue to improve in the coming months, amidst strong economic growth and improvements in the banking system, according to all indications.
(In-Cyprus)
