Cyprus Property Insurance Prices are Now 50% Off

Property insurance premiums in Cyprus are now 50 per cent cheaper than the country’s average rate, the countrys Ministry of Finance said on Monday.

The increase in insurance prices came after the government decided to increase the monthly premiums by 2 per cent from next year, to €1,500 ($1,835).

Cyprus Insurance is the country s cheapest insurance, with premiums of just €100 ($121) a month.