Global Property Guide

Financial Information for the Residential Property Buyer


Currency +/- Value - Cyprus Compared to Europe

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Click name of country for detailed information
Iceland $ 1.40
Switzerland $ 1.32
Denmark $ 1.14
Finland $ 1.04
Norway $ 1.04
Sweden $ 1.04
Luxembourg $ 0.99
Ireland $ 0.95
Austria $ 0.94
Belgium $ 0.93
France $ 0.91
Netherlands $ 0.90
UK $ 0.89
Germany $ 0.88
Italy $ 0.83
Spain $ 0.74
Slovenia $ 0.68
Cyprus $ 0.68
Portugal $ 0.68
Greece $ 0.68
Malta $ 0.65
Estonia $ 0.62
Czech Rep. $ 0.56
Latvia $ 0.56
Slovak Rep. $ 0.53
Croatia $ 0.53
Lithuania $ 0.52
Hungary $ 0.47
Poland $ 0.46
Romania $ 0.43
Montenegro $ 0.41
Bosnia & H. $ 0.40
Moldova $ 0.40
Turkey $ 0.39
Serbia $ 0.37
Russia $ 0.37
Bulgaria $ 0.37
Macedonia $ 0.36
Albania $ 0.36
Belarus $ 0.30
Ukraine $ 0.28

Cyprus: Currency +/- valuation index

This is a cost of living indicator. The figure shows how much how much a bundle of goods and services costing US$1 in the US would cost in other countries (similar to The Economist's Big Mac Index).

To arrive at the figure, the Global Property Guide takes the difference between the IMF's nominal GDP figures, and their purchasing power parity GDP figures for the latest year available.

Note that currency undervaluation (as measured by PPP) is not a good predictor of future currency movements.

These cost of living indicators refer to data collected annually (for date of collection, see Data FAQ )

Source: calculated using figures from the IMF World Economic Outlook Database


Cyprus publishes a quarterly house price index, which can be obtained from the Central Bank of Cyprus. General economic statistics also come from the Central Bank of Cyprus, and the Ministry of Finance. The Royal Institute of Chartered Surveyors (RICS) also publishes quarterly data on average house prices.