Apartments continue to drive Cyprus’ real estate market

Apartments remained the driving force behind Cyprus’ real estate market during the third quarter, despite overall signs of stabilisation, according to the RICS Cyprus property price index.

The index, created in collaboration with KPMG, showed that most asset categories experienced minimal change during this time period.

Specifically, apartment prices rose by 0.8 per cent, continuing their steady growth, with demand for shops and warehouses remaining subdued.

The...