Property prices down in Cyprus, but decline is slowing

The residential property market in Cyprus is still struggling despite the island’s economy showing signs of stability in the third quarter of 2015, with sales volumes low. Across Cyprus house prices fell by 0.5% and apartment prices by 0.4%, according to the latest index from the Royal Institution of Chartered Surveyors (RICS). The biggest drop was in Famagusta where apartment prices fell by 1.2% and in Limassol where house prices fell by 3.2% while house prices were down 0.3% in Nicosia. Howe...