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Improving economy helping continued property market recovery in Cyprus

January 04, 2019 / RICS

Further recovery in the economy in Cyprus is helping the Mediterranean island’s property markets recover with prices up consistently in the second quarter of 2018. Across Cyprus prices for houses increased by 2.1% quarter on quarter and prices for flats rose by 1.3%, according to the latest quarterly index from the Royal Institution of Chartered Surveyors (RICS). The strongest residential markets were in Famagusta where flat prices increased by 4%, and Larnaca where house prices increased by 6.7%, the index also shows.