The Cyprus Residential Property Price (RPPI) Index marked its second marginal consecutive quarterly reduction in the fourth quarter of 2020, with the government’s interest rate subsidy scheme offsetting the negative impact of the COVID-19 pandemic and reduced demand due to the termination of the Cyprus Investment Scheme, the Central Bank of Cyprus (CBC) has said, CNA reports. The RPPI compiled by the CBC in the fourth quarter of 2020 marked a quarterly reduction of 0.2%.
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Original article: Cyprus Residential Property Price Index drops for second consecutive quarter.