According to data provided by Central Bank of Cyprus’s Real Estate Unit, part of the Economic Research Department, Residential Property Price Index (RPPI) saw a quarterly rise of 0.3 percent during the fourth quarter of 2016, reflecting recovery in the real estate sector in Cyprus.

More specifically, apartment prices posted a quarter-on-quarter increase of 1.3 percent, while house prices dropped marginally, down 0.1 percent. During the period under review, RPPI recorded a 0.9 percent year-on-year decline.

The small fluctuations in RPPI prices suggest a relevant stabilisation amid positive prospects for the sector, also evident by other economic indicators.