Property prices start recovery

Property pprices rose by 0.38 per cent in the first quarter this year, compared to the corresponding period last year.

The National Statistics Office said the rise primarily reflected an increase of 2.08 per cent in the apartments index. The price of maisonettes fell by 0.22 per cent.

The increase in property prices was the first since the last quarter of 2008.

The all-transactions volume index showed that the number of transactions in the first quarter this year increased by 3.93 per cent when compared to the corresponding period in 2009.

Source "The Times"