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Are home prices finally cooling again in 2021?

July 06, 2021 Stackedhomes 2021 has been a tough year for buyers; especially first-time home seekers. We’ve seen prices rise in almost every property segment, from resale flats to condos to landed homes. The end of Q2 2021, however, may give buyers a glimmer of hope – while prices are still far from low, at least the pick-up hasn’t been as dramatic as the past four quarters. Here’s what’s happening right now: Prices rose again in Q2 2021, but at a much slower pace than in previous quarters According to URA flash estimates, the Residential Property Price Index is at 163.7 points in Q2 2021, up 1.5 points last quarter. This is a 0.9 per cent increase, a significant slowdown from Q4 to 2020 to Q1 2021 (during this time we saw a 3.3 per cent jump).

Cyprus property prices recovering

Cyprus property prices recovering © CyprusPropertyNews 2021 The Residential Property Price Index recorded a recovery in the first quarter of 2021 after two consecutive quarters of falling prices, according to the RPPI compiled by the Cyprus Central Bank (CBC). The rise was mainly due to an increase in apartment prices. According to the CBC, the rise in property prices is mainly due to the 1.2% increase in apartment prices compared to the previous quarter. House prices rose marginally by 0.2% over the same period. House prices increased.

Unemployment falls to pre-pandemic 5 1 per cent

Unemployment falls to pre-pandemic 5 1 per cent
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