Cyprus

Economic Freedom Rating, 5-Yr Change - Cyprus Compared to Continent

Footnote

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Albania	11.51%
Austria	3.52%
Belarus	12.42%
Belgium	4.94%
Bosnia & H.	32.31%
Bulgaria	10.38%
Croatia	2.49%
Cyprus	-2.75%
Czech Rep.	1.56%
Denmark	8.24%
Estonia	0.05%
Finland	1.54%
France	10.46%
Germany	2.03%
Greece	2.11%
Hungary	6.67%
Iceland	4.10%
Ireland	1.76%
Italy	-2.85%
Latvia	3.56%
Lithuania	1.65%
Luxembourg	-5.93%
Macedonia	1.72%
Malta	8.03%
Moldova	-2.65%
Netherlands	2.94%
Norway	2.60%
Poland	-3.77%
Portugal	-0.99%
Romania	21.55%
Russia	-1.79%
Slovak Rep.	16.54%
Slovenia	4.93%
Spain	1.27%
Sweden	0.53%
Switzerland	0.91%
Turkey	17.08%
UK	2.67%
Ukraine	-0.04%

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 country’s score on the Heritage Foundation’s freedom index are calculated by the Global Property Guide to produce a 5-point rating:

• Greatly Improved
• Improved
• Nuetral
• Worse
• Much Worse

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.