Doing Business in Cyprus (UAE Edition)
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DOING BUSINESS C YPRUS<br />
51<br />
UNITED ARAB EMIRATES EDITION<br />
All residential property<br />
PROPERTY PRICE INDICATORS<br />
% change over the same period of the previous year<br />
2021 Q1 2021 Q2 2021 Q3 2021 Q4 2022 Q1<br />
Cystat<br />
(hedonic, based on actual sales) -5.8 -4.8 2.5 -5.2 1.1<br />
Central Bank of <strong>Cyprus</strong><br />
(hedonic, based on valuations) 0.9 0.3 1.2 2.6 3.2<br />
Houses<br />
Central Bank of <strong>Cyprus</strong><br />
(hedonic, based on valuations) 0.2 -1.0 -0.3 1.0 1.5<br />
WiRE FS residential houses<br />
(proprietary methodology) 1.5 1.7 0.1 -0.5 n/a<br />
Apartments<br />
Central Bank of <strong>Cyprus</strong><br />
(hedonic, based on valuations) 2.5 3.3 4.5 6.3 6.8<br />
WiRE FS residential apartments<br />
(proprietary methodology) 0.5 0.3 0.7 2.2 n/a<br />
Other<br />
WiRE FS holiday houses<br />
(proprietary methodology) -3.2 -3.8 -4.3 -3.7 n/a<br />
Land Registry: average unit<br />
value of parcel transfers (a) -20.5 -3.9 -21.6 17.9 31.2<br />
(a) Parcels may vary <strong>in</strong> size; Sapienta Economics calculations.<br />
Sources: Cystat; Central Bank of <strong>Cyprus</strong>; WireFS; Department of Lands and Surveys. © Sapienta Economics Ltd.
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