House - $3,549,000
House - $7,489,350
House - $3,966,287
House - $5,864,532
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Cyprus: Economic freedom index, 5-year change
Increased economic freedom is strongly associated with high GDP growth, and therefore with rises in residential property prices. Changes in a countrys score on the Heritage Foundations freedom index are calculated by the Global Property Guide to produce a 5-point rating:
Source: Calculated using figures from The Heritage Foundation and the Wall Street Journal
Cyprus does not publish official house price indices, but the financial advisor MFC Platis has published monthly house price statistics since January 2004. General economic statistics come from the Central Bank of Cyprus, and the Ministry of Finance.
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