Seasonal reduction of prices on Cyprus.
In comparison with September, the prices for a private property of Cyprus in October have gone down on 0.9 %. The price index of the company BuySell Home on the real estate trade has fallen to 117.60, having approached thus average cost of the house on island to 91 625 Cyprian pounds.
The price index of the company BuySell Home was established again in September 2005 for saving index, that was refreshed regarding recently quality characteristic of the real estate market on Cyprus. The price index of the company BuySell Home is the most effective instrument for buyers of the private property and cyprus villas, sellers and investors. Probably it is a seasonal price reduction, because the price for villas and apartments on Cyprus every year grow and there is no other explication for their reduction.