Residential Properties in Cyprus Continue Upward Trend

13th September, 2018

According to the Central Bank of Cyprus, Residential Properties Index in Cyprus rose by a quarterly 0.6% in the first quarter of 2018, continuing its upward trend for seven consecutive quarters.

The Famagusta area tops the list with 1.6% increase in residential properties registration. According to the CBC the volume of sale contracts and building permits in the Famagusta area are expected to  increase further in 2018.

The expectation is that the recovery and growth of the Cyprus real estate sector is going to continue for the remaining of 2018.

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