Home prices rose 4.1% year-on-year in the first quarter of 2017, and dropped a quarterly 1.4%, the statistical service said.
In the last quarter of 2016, home prices rose 3.3% compared to the respective quarter of 2015, and 0.8% compared to the previous quarter, Cystat said in a statement on its website.
The Cyprus division of the Royal Institute of Chartered Surveyors, which applies a different methodology, said in May that home prices rose an annual 3.3% in the last quarter of 2016, and a quarterly 1.7%. The Central Bank of Cyprus said last month that home prices rose 0.3% in October to December last year, compared to the previous quarter, and dropped 0.9% in a year.
Source: Cyprus Mail
