Property market in Cyprus is stabilising but recovery unlikely yet in coming months

Residential property prices in Cyprus appear to be stabilising but experts are divided on how the market will pan out over 2016. The most up to date figures from the Cyprus Central Bank’s index covering the third quarter of 2015 shows that prices fell by 0.3%, consistent with the 0.4% and 1% falls during the previous quarters. Year on year prices are down 3.7%, an improvement on the previous quarterly fall of 5% and a breakdown of the figures suggest that apartment prices in some locations, mo...