As home prices enter recovery, so do land values

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As home prices enter recovery, so do land values
 © BusinessMail 2017
By Stelios Orphanides

The stabilisation of home prices appears to be accompanied by a similar trend in land values, reflecting a recovering economy and real estate market, two property valuators said.

When private buyers by land “we clearly see selection criteria play a role such as the accessibility of an area, its characteristics, infrastructure, whether other family members live in the area, and then comes the budget,” said Kyriacos Talatinis, chairman of the Property Valuers Association.

As a result, the two main urban areas, the capital Nicosia, and the port town of Limassol,...


As home prices enter recovery, so do land values


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