CYPRUS: House Price Index -1.2% y-o-y in Q1

Τhe Statistical Service published the House Price Index (HPI), a quarterly index that measures the change in the average prices of residential dwellings of all types of residential properties, both new and existing.
According to preliminary estimates, the HPI for the first quarter of 2016 amounts to 86.32 units. Compared to the fourth quarter of 2015, the index decreased by 3.4%, while when compared with the corresponding quarter of 2015, the HPI decreased by 1.2%.