House prices up by 5.9% in Q1 2023

08:46 - 06 July 2023

Real Estate Reporter

House Price Index (HPI) recorded a 5.9% increase for the first quarter of 2023, marking its fifth consecutive quarterly growth compared to the same period in 2022, according to a preliminary estimate by CySTAT.

Specifically, the Housing Price Index (HPI) for the first quarter of 2023 stands at 110.14 units. This marks the fifth consecutive quarterly increase of the Index on an annual basis. The last decrease in the Index was observed in the fourth quarter of 2021, with a decline of 5.2%.

Compared to the fourth quarter of 2022, the HPI increased by 2.0% following a 4% decrease in the fourth quarter of 2022, compared to the third quarter of the same year.

(Source: CNA)

News Feed

Read More

BoC’s REMU disposes of portfolio’s biggest asset – Columbia Group acquires Secret Valley Golf Resort for €130m
Lordos Hotels: Golden Bay renovation in the works - The investments made in the group's hotels
Aqua Residences: €40m residential towers in the former Larnaca oil refinery area
Palm Beach Resort unveiled at exclusive event (pics)
The Palm Beach Resort philosophy: The architecture and the interior design of a project that is changing Larnaca
Real estate investment opportunities by AstroBank
Evangelia Eliadou: There is a shift toward curated environments where residents can truly live, work and thrive
The rebirth of a historic hotel - Property Gallery announces the new Pendeli Resort in Platres (pics)
Brown Hotels makes Cyprus debut with Paphos Hills (pics)
MHV collaborates with El Greco on interior design of doors, windows and kitchens at The Landmark Towers