Real estate price evolution 🇨🇾️
Changes in prices on the residential real estate market show a positive result, they are displayed in two indices compiled by the Central Bank of Cyprus and the Royal Institute of Certified Assessors of Cyprus (RICS). In 2017, for the first time since 2010, both indices showed positive dynamics. During 2018, a further increase in residential property prices was recorded. The Central Bank index showed growth at the level of 2% (third quarter of 2018), the RICS index — at the level of 7%. This index also takes into account the price dynamics of the commercial real estate market (retail space, warehouses and offices). In 2018, office prices rose by 9% in annual terms.