The real estate on Cyprus continues to rise in price
11 May 2008Despite of world crisis, during the first quarter of 2008 the cost of the real estate on Cyprus has increased on 3,3 %.
The given gain, despite of periodic complexities, has steadily proceeded during all accounting period. So, consequences of small recession (about 1,9 %) in December almost at once have been blocked by growth in January (3,6 %) and February (1 %).
As a result, in comparison with the first quarter of 2007, the prices have risen on 20 %.
The average price of a private apartment house for Cyprus now makes about 191,216 thousand euro.
