Across Cyprus in Q3 2023, annual prices increased by 12.2% for apartments, 4.6% for houses, 4.4% for offices, 1.2% for retail, 8.8% for holiday flats, and 3.7% for holiday homes, but decreased
Building permits issued in Cyprus in the first half of 2023 dropped by an annual 7.4%, with the value of the permits rising by 16.5% and the total area by 3.0%, Statistical
Across Cyprus, annual prices increased by 12.2% for apartments, 4.6% for houses, 4.4% for offices, 1.2% for retail, 8.8% for holiday flats, 3.7% for holiday homes, and decreased by 1.5% for warehouses,
Cyprus’ real estate market is growing while getting pricier, as the number of properties rises by 1.5%, while their overall value increased by 2.2% based on January 2021 prices compared to 2018
A slowdown in the residential Cyprus property price indices has been recorded in the second quarter of 2021 due to a small decrease in house prices and an increase in apartment values.
The value of Cyprus building permits issued from January to November 2020 declined by 23% year on year to €2.5 bln, mainly affected by the impact of the pandemic on large-scale projects.