The Neapolis Property Price Index (NPPI) is published on a quarterly basis by the Real Estate Department of Neapolis University Pafos, which currently tracks dwelling prices. The NPPI is compiled to enhance transparency and to make a meaningful contribution to the macroeconomic analysis of the local real estate market. Through the index development initiative, it…
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We are pleased to announce the release of the Neapolis Property Price Index (NPPI), published by Neapolis University Pafos. The index is currently monitoring the price trends of residential properties in all districts of Cyprus. The NPPI is a transaction-based index (actual sales), derived through the hedonic regression method, and it has been developed based…
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This study employs the statistical method of Multiple Linear Regression analysis (MLR) to develop an Automated Valuation Model (AVM) for estimating land values by utilizing transaction-based data in Limassol, Cyprus. The authors focus on the confidence level and accuracy of the value estimated by an AVM. Thus, the developed AVM was tested in two contrasting…
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We are pleased to share our latest peer-reviewed research article, which has been recently published in the Journal of Real Estate Literature. The article is titled “A Proposal for a Residential Housing Price Index in Cyprus Through Analysis of Transaction-Based Data and Comparison with Existing Indices.” This paper is a collaborative effort by Stelios Apostolides,…
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In general, the rental supply of apartments in Limassol for Q2/2023 indicates a noticeable upward trend in all urban, suburban, and rural areas, highlighting an expanding availability of rental properties. The active supply of apartments identified has nearly doubled (+97%) within a span of 9 months. Most of the supply is concentrated in the central…
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