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Residential Property Prices in Cyprus in the third quarter of 2020 marked their first quarterly drop in four years, while prices showed signs of significant annual deceleration, affected by the coronavirus pandemic, the Central Bank of Cyprus has said. According to the CBC, the Residential Property Price Index (RPPI) in the third quarter of 2020 dropped by 0.3% marking its first reduction after 16 consecutive quarters of growth. On an annual basis (compared with Q2 of 2019) the RPPI showed a …
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