House Price Index (HPI) recorded an increase of 5.3% the third quarter of 2022, compared to the same quarter of 2021, according to preliminary estimate published by the Statistical Service on Tuesday. HPI for the thrird quarter of 2022 amounts to 112.51 units.
Compared to the second quarter of 2022, the HPI increased by 5.8%.
House Price Index is a quarterly index which measures the change in the average prices of residential dwellings. It captures all types of residential properties, both new and existing. The land component of the residential property is included.
Source: Cyprus News Agency