Cyprus: €200 000 for the house
4 November 2008In the third quarter of 2008 prices for habitation in Cyprus have grown on 1,5 % in comparison with the last quarter. Such information has been represented in the report of BuySell - the largest agency of the real estate of Cyprus.
It is noticed in the document that rates of a rise in prices for habitation in the country continue to slow down. So, in the third quarter of 2008 price have risen on 9 % comparing with the same period of the last year, whereas in the second quarter their gain has made 12,9 %.
Now average cost of habitation on island makes 193,323 thousand euro.
According to statistical department of Cyprus the number of the new building licenses, which have been given by the government of island, decreases within the last 11 months. However, thus the total cost of permissions has grown to 151,3 million euro.
