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Larnaca Property Prices increase the highest in Cyprus in 1st quarter of 2015

According to data by the Royal Institution of Chartered Surveyors, for the first three months of 2015, the greatest drop was recorded in Limassol (1.0% for apartments) and the highest increase in Larnaka (3% for apartments). The prices of shops were reduced by an average of 1.7%, offices by 0.1% while stores increased by 1.3%.
Compared to the first three months of 2014, Cyprus property prices for apartments were reduced by 3.2%, houses by 3.0%, shops by 8.1%, offices by 4.8% and stores by 3.2%.
Renting prices for apartments all over the island recorded an average drop of 0.3% on a three months basis, 0.4% for shops, 1.9% for offices, 0.9% and 0.1% for stores, while houses' prices rose by 0.3%.
Compared to the rental prices of the first three months of 2014, they fell by 4.0% for apartments, 1.2% for houses, 8.1% for shops, 5.9% for stores and 3.5% for offices. Click here to see the detailed report by the Royal Institution of Chartered Surveyors.

 
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