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.

Companies operating in the third-party real estate industry have had to navigate numerous economic headwinds in recent years, ranging from rising interest rates, spiralling inflation and muted economic growth. Typically, estate agents can earn income via fees and commissions charged to clients, which allows them to protect their operating profit margin from property price fluctuations. Revenue is projected to sink at a compound annual rate of 0.6% over the five years through 2025, including an estimated rise of 1.2% in 2025 to €207.6billion, while the average industry profit margin is forecast to reach 35.1%. Amid spiralling inflation, central banks across Europe ratcheted up interest rates, resulting in borrowing costs skyrocketing in the two years through 2023. In residential markets, elevated mortgage rates combined with tightening credit conditions eventually ate into demand, inciting a drop in house prices. Rental markets performed well when house prices were elevated, being the cheaper alternative for cash-strapped buyers. However, even lessors felt the pinch of rising mortgage rates, forcing them to hoist rent to cover costs and pricing out potential buyers. This led to a slowdown in rental markets in 2023, weighing on revenue growth. However, this have started to turn around in 2025 as interest rates have been falling across Europe in the two years through 2025, reducing borrowing costs for buyers and boosting property transactions. This has helped revenue to rebound slightly in 2025 as estate agents earn commission from property transactions. Revenue is forecast to swell at a compound annual rate of 3.7% over the five years through 2030 to €249.5 billion. Housing prices are recovering in 2025 as fixed-rate mortgages begin to drop and economic uncertainty subsides, aiding revenue growth in the short term. Over the coming years, Proptech, which has been heavily invested in, will force estate agents to adapt, shaking up the traditional real estate industry. A notable application of Proptech is the use of AI and data analytics to predict a home’s future value and speed up the process of retrofitting properties to become more sustainable.

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.

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: 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: 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 - 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: 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: 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 - 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.

Cyprus - Electricity prices: Non-household, medium size consumers was EUR0.18 Kilowatt-hour in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Cyprus - Electricity prices: Non-household, medium size consumers - last updated from the EUROSTAT on July of 2025. Historically, Cyprus - Electricity prices: Non-household, medium size consumers reached a record high of EUR0.22 Kilowatt-hour in December of 2012 and a record low of EUR0.10 Kilowatt-hour in December of 2016.

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.