Property prices rise in Q3 but Economists fear new drop

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Property prices rise in Q3 but Economists fear...
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By Stelios Orphanides

The Cypriot branch of the Royal Institute of Chartered Surveyors (RICS) said property prices continued to rise across the island in the third quarter of 2017 fuelled by economic growth, as economists describe the current real estate market recovery as temporary and expect a new price drop to set off in two years.

House and apartment prices rose 1.7 per cent and 0.5 per cent respectively in the third quarter compared to the previous one, RICS said in an emailed statement. The rise in residential property prices was spearheaded by Limassol...


This article was automatically added to our system 21-2-2018

Property prices rise in Q3 but Economists fear new drop


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