News Local House prices in Cyprus down 8% since 2010, third largest decrease in...

House prices in Cyprus down 8% since 2010, third largest decrease in EU

House prices in Cyprus registered the third biggest drop among the EU 28 between 2010 and 2018 according to figures published by Eurostat on Friday.

It said that overall, between 2010 and 2018, house prices grew in total by 16% in the EU and by 12% in the euro area.

Among the Member States, the highest increases during this period were observed in Estonia (+83%), Latvia (+61%), Austria (+56%), Sweden (+55%) and Luxembourg (+50%), and the largest decreases in Italy (-17 %), Spain (-12 %) and Cyprus (-8 %).

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