Rents for all property types fell in Paphos in the second quarter of 2010, according to the Quarterly Cyprus Property Price Index

Average monthly rent per sq. m, rics cyprus property price index

Throughout Cyprus rents for flats increased in average by 0.3%. Rents for houses, shops, warehouses and office spaces dropped by a respective average of 2.1%, 0.8%, 0.2%, and 2.1% accordingly.

While rental values remained pretty stable in the capital of Cyprus Nicosia, Paphos rents of all the property types fell, probably indicating economical distress of the city.

Rents for all the property types, except for warehouses, fell in Limassol as well, demonstrating that crisis has now reached the Limassol market, too.

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