Cyprus house prices see biggest decline in EU

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Cyprus house prices see biggest decline in EU
 © FinancialMirror 2021

House prices in Cyprus recorded an annual fall of 1.4% in the third quarter of 2020 marking the biggest drop in the European Union, official data shows.

Cyprus not only had the biggest annual fall in house prices in Q3 but also the biggest dip on a quarterly basis (-4.8%) and third-largest fall in the EU over the decade since 2010.

The House Price Index (HPI) for Q3 2020 reached 104.21 units.

Compared to Q2 2020, the HPI decreased by 4.8% while compared to the Index of the same quarter of 2019, the Index decreased by 1.4%.

In the...


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This article was automatically added to our system 15-1-2021

Cyprus house prices see biggest decline in EU


The contents of this article including any associated images are © FinancialMirror 2021
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