WiRE FS, a company that combines real estate expertise with the use of technology, published the updated version of WiRE Index, for the second quarter of 2021.
• Quarter on quarter drops in rents across all property categories were recorded, except for apartments.
• Retail properties seem to have been significantly affected by Covid-19 as there is a dramatic annual fall in both prices and rents.
• Houses in Nicosia had the biggest year on year growth in prices, while the biggest year on year increase in apartment rents was in Famagusta.
The aggregate data of the WiRE Price and Rental index can be freely used; we suggest you review the methodology on which the index is based upon prior to carrying out any analysis.
The data provided can be used mainly to indicate market trends, rather than assess the value and dynamics of specific properties or areas.
When using the index, reference “Source: WiRE Price and Rental Index, WiRE FS”.
To access the data series, press here.
This update includes data from Q4 2009 to Q2 2021 (inclusive).