Covid or not, house prices in Cyprus continued upward trend
House prices in Cyprus continued their upward trend in the second quarter of 2020, recording a quarterly increase of 0.9%, compared to an increase of 0.4% in the year’s first quarter.
And all this despite the growing market uncertainty due to the coronavirus pandemic, the Central Bank of Cyprus said in a press release on Tuesday on the Residential Property Price Index (RPPI).
House prices increased by 1% while remaining stable in the previous quarter and apartment prices increased by 0.8% compared to a 1.4% increase in the previous quarter. […]
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