The residential property price indices for Cyprus are constructed by the Real Estate Unit (REU) of the Central Bank of Cyprus (CBC), which is part of the Division Economic Analysis and Monetary Policy, according to the Memorandum of Understanding between the CBC and the participating entities. The indices are based on property valuation data collected since 2006 by the partnered credit institutions, which receive the relevant information from independent property valuers for several purposes such as housing loans. The data, which are representative of the Cyprus property market, cover all the areas under the effective control of the Republic of Cyprus (Nicosia, Limassol, Larnaca, Paphos and Famagusta) and refer to residential properties (houses and apartments). The base period for all the indices is the first quarter of 2010 (i.e. 2010Q1=100). The CBC will be publishing the relevant data series on a quarterly basis. Further information and explanations on the methodology used for the construction of the various price indices is available in the methodology report.
Frequently Asked Questions: Residential Property Price Index
Annual review
Quarterly results