In 2024, the average apartment rent in Cyprus ranged between ** and ** euros per square meter. The district with the highest rents was Limassol, where renting an apartment cost on average ** euros and a house, ** euros per square meter. In Cyprus, one in three households lived in rented housing.

Cyprus House Price Index: Limassol data was reported at 112.696 1Q2010=100 in Sep 2024. This records an increase from the previous number of 111.639 1Q2010=100 for Jun 2024. Cyprus House Price Index: Limassol data is updated quarterly, averaging 87.520 1Q2010=100 from Mar 2006 (Median) to Sep 2024, with 75 observations. The data reached an all-time high of 112.696 1Q2010=100 in Sep 2024 and a record low of 64.665 1Q2010=100 in Mar 2006. Cyprus House Price Index: Limassol data remains active status in CEIC and is reported by Central Bank of Cyprus. The data is categorized under Global Database’s Cyprus – Table CY.EB003: Residential Property Price Index.

Geneva stands out as Europe's most expensive city for apartment purchases in early 2025, with prices reaching a staggering 15,720 euros per square meter. This Swiss city's real estate market dwarfs even high-cost locations like Zurich and London, highlighting the extreme disparities in housing affordability across the continent. The stark contrast between Geneva and more affordable cities like Nantes, France, where the price was 3,700 euros per square meter, underscores the complex factors influencing urban property markets in Europe. Rental market dynamics and affordability challenges While purchase prices vary widely, rental markets across Europe also show significant differences. London maintained its position as the continent's priciest city for apartment rentals in 2023, with the average monthly costs for a rental apartment amounting to 36.1 euros per square meter. This figure is double the rent in Lisbon, Portugal or Madrid, Spain, and substantially higher than in other major capitals like Paris and Berlin. The disparity in rental costs reflects broader economic trends, housing policies, and the intricate balance of supply and demand in urban centers. Economic factors influencing housing costs The European housing market is influenced by various economic factors, including inflation and energy costs. As of April 2025, the European Union's inflation rate stood at 2.4 percent, with significant variations among member states. Romania experienced the highest inflation at 4.9 percent, while France and Cyprus maintained lower rates. These economic pressures, coupled with rising energy costs, contribute to the overall cost of living and housing affordability across Europe. The volatility in electricity prices, particularly in countries like Italy where rates are projected to reach 153.83 euros per megawatt hour by February 2025, further impacts housing-related expenses for both homeowners and renters.

Key information about House Prices Growth

• Cyprus house prices grew 6.5% YoY in Sep 2024, following an increase of 8.0% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Mar 2007 to Sep 2024, with an average growth rate of 0.9%.
• House price data reached an all-time high of 25.3% in Sep 2007 and a record low of -9.4% in Mar 2014.

Housing Index in Cyprus increased to 113.71 points in the first quarter of 2025 from 112.47 points in the fourth quarter of 2024. This dataset provides - Cyprus House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Cyprus House Price Index: Larnaca data was reported at 90.577 1Q2010=100 in Sep 2024. This records an increase from the previous number of 89.570 1Q2010=100 for Jun 2024. Cyprus House Price Index: Larnaca data is updated quarterly, averaging 75.845 1Q2010=100 from Mar 2006 (Median) to Sep 2024, with 75 observations. The data reached an all-time high of 104.911 1Q2010=100 in Jun 2008 and a record low of 66.178 1Q2010=100 in Mar 2006. Cyprus House Price Index: Larnaca data remains active status in CEIC and is reported by Central Bank of Cyprus. The data is categorized under Global Database’s Cyprus – Table CY.EB003: Residential Property Price Index.

House price index in Cyprus, December, 2024 The most recent value is 98.17 index points as of Q4 2024, an increase compared to the previous value of 97.77 index points. Historically, the average for Cyprus from Q1 2002 to Q4 2024 is 80.28 index points. The minimum of 43.73 index points was recorded in Q2 2002, while the maximum of 108.13 index points was reached in Q3 2008. | TheGlobalEconomy.com

Cyprus - Housing cost overburden rate: Above 60% of median equivalised income was 1.20% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Cyprus - Housing cost overburden rate: Above 60% of median equivalised income - last updated from the EUROSTAT on July of 2025. Historically, Cyprus - Housing cost overburden rate: Above 60% of median equivalised income reached a record high of 2.20% in December of 2014 and a record low of 0.90% in December of 2019.

Cyprus - Median of the housing cost burden distribution: Females was 7.90% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Cyprus - Median of the housing cost burden distribution: Females - last updated from the EUROSTAT on July of 2025. Historically, Cyprus - Median of the housing cost burden distribution: Females reached a record high of 9.50% in December of 2015 and a record low of 7.30% in December of 2010.

Cyprus House Price Index: Paphos data was reported at 101.603 1Q2010=100 in Sep 2024. This records an increase from the previous number of 99.575 1Q2010=100 for Jun 2024. Cyprus House Price Index: Paphos data is updated quarterly, averaging 84.474 1Q2010=100 from Mar 2006 (Median) to Sep 2024, with 75 observations. The data reached an all-time high of 104.125 1Q2010=100 in Jun 2009 and a record low of 74.517 1Q2010=100 in Mar 2017. Cyprus House Price Index: Paphos data remains active status in CEIC and is reported by Central Bank of Cyprus. The data is categorized under Global Database’s Cyprus – Table CY.EB003: Residential Property Price Index.

Cyprus House Price Index: Famagusta data was reported at 91.773 1Q2010=100 in Sep 2024. This records an increase from the previous number of 89.107 1Q2010=100 for Jun 2024. Cyprus House Price Index: Famagusta data is updated quarterly, averaging 75.726 1Q2010=100 from Mar 2006 (Median) to Sep 2024, with 75 observations. The data reached an all-time high of 113.448 1Q2010=100 in Sep 2008 and a record low of 60.334 1Q2010=100 in Mar 2006. Cyprus House Price Index: Famagusta data remains active status in CEIC and is reported by Central Bank of Cyprus. The data is categorized under Global Database’s Cyprus – Table CY.EB003: Residential Property Price Index.

Cyprus - Median of the housing cost burden distribution: Cities was 8.30% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Cyprus - Median of the housing cost burden distribution: Cities - last updated from the EUROSTAT on June of 2025. Historically, Cyprus - Median of the housing cost burden distribution: Cities reached a record high of 10.10% in December of 2014 and a record low of 7.40% in December of 2010.

Cyprus - Median of the housing cost burden distribution: 65 years or over was 8.40% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Cyprus - Median of the housing cost burden distribution: 65 years or over - last updated from the EUROSTAT on June of 2025. Historically, Cyprus - Median of the housing cost burden distribution: 65 years or over reached a record high of 8.90% in December of 2014 and a record low of 6.90% in December of 2010.

Cyprus House Price Index data was reported at 97.387 1Q2010=100 in Sep 2024. This records an increase from the previous number of 96.558 1Q2010=100 for Jun 2024. Cyprus House Price Index data is updated quarterly, averaging 82.147 1Q2010=100 from Mar 2006 (Median) to Sep 2024, with 75 observations. The data reached an all-time high of 107.715 1Q2010=100 in Sep 2008 and a record low of 68.051 1Q2010=100 in Mar 2006. Cyprus House Price Index data remains active status in CEIC and is reported by Central Bank of Cyprus. The data is categorized under Global Database’s Cyprus – Table CY.EB003: Residential Property Price Index.

Cyprus - Median of the housing cost burden distribution: Less than 18 years was 8.30% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Cyprus - Median of the housing cost burden distribution: Less than 18 years - last updated from the EUROSTAT on June of 2025. Historically, Cyprus - Median of the housing cost burden distribution: Less than 18 years reached a record high of 11.30% in December of 2015 and a record low of 7.90% in December of 2010.

Cyprus - Median of the housing cost burden distribution: Males was 7.50% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Cyprus - Median of the housing cost burden distribution: Males - last updated from the EUROSTAT on July of 2025. Historically, Cyprus - Median of the housing cost burden distribution: Males reached a record high of 9.30% in December of 2015 and a record low of 7.00% in December of 2010.

Cyprus - Median of the housing cost burden distribution: Rural areas was 6.70% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Cyprus - Median of the housing cost burden distribution: Rural areas - last updated from the EUROSTAT on July of 2025. Historically, Cyprus - Median of the housing cost burden distribution: Rural areas reached a record high of 8.50% in December of 2015 and a record low of 6.60% in December of 2009.

Cyprus - Median of the housing cost burden distribution: Above 60% of median equivalised income was 7.00% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Cyprus - Median of the housing cost burden distribution: Above 60% of median equivalised income - last updated from the EUROSTAT on June of 2025. Historically, Cyprus - Median of the housing cost burden distribution: Above 60% of median equivalised income reached a record high of 8.70% in December of 2015 and a record low of 6.50% in December of 2010.