Cyprus Mail
Business Property

Property values bottoming out as rental prices enter recovery, RICS says

By Stelios Orphanides

Property prices in the third quarter of 2015 continued to fall in Cyprus, but at a slower pace, accompanied by a recovery in rental prices, according to the Royal Institute of Chartered Surveyors.

The prices of apartments and houses dropped a quarterly 0.4 per cent and 0.5 per cent respectively, RICS said.

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