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: Tenant, rent at market price was 14.40% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Cyprus - Housing cost overburden rate: Tenant, rent at market price - last updated from the EUROSTAT on July of 2025. Historically, Cyprus - Housing cost overburden rate: Tenant, rent at market price reached a record high of 19.90% in December of 2012 and a record low of 11.20% in December of 2020.

Graph and download economic data for Harmonized Index of Consumer Prices: Actual Rentals for Housing for Cyprus (CP0410CYM086NEST) from Jan 1996 to Jun 2025 about Cyprus, harmonized, rent, CPI, housing, price index, indexes, and price.

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 Consumer Price Index (CPI): Housing: Rentals data was reported at 128.150 2015=100 in Mar 2025. This records a decrease from the previous number of 128.400 2015=100 for Feb 2025. Cyprus Consumer Price Index (CPI): Housing: Rentals data is updated monthly, averaging 108.390 2015=100 from Jan 2015 (Median) to Mar 2025, with 123 observations. The data reached an all-time high of 128.400 2015=100 in Feb 2025 and a record low of 99.380 2015=100 in Aug 2016. Cyprus Consumer Price Index (CPI): Housing: Rentals data remains active status in CEIC and is reported by Statistical Service of Cyprus. The data is categorized under Global Database’s Cyprus – Table CY.I007: Consumer Price Index: 2015=100.

Companies operating in the third-party real estate industry have had to navigate numerous economic headwinds in recent years, notably rising interest rates, spiralling inflation and muted economic growth. Revenue is projected to sink at a compound annual rate of 0.6% over the five years through 2025, including an estimated jump of 1.2% in 2025 to €207.6 billion, 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 over 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 (2021-2023), being the cheaper alternative for cash-strapped buyers. However, even lessors felt the pinch of rising mortgage rates, forcing them to hoist rent prices to cover costs and pricing out potential buyers. This led to a slowdown in rental markets in 2023, weighing on revenue growth. However, this has 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—technology-driven innovations designed to improve and streamline the real estate industry—will force estate agents to adapt, shaking up the traditional real estate sector. 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.

Cyprus - Harmonised index of consumer prices (HICP): Actual rentals for housing was 128.96 points in May of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Cyprus - Harmonised index of consumer prices (HICP): Actual rentals for housing - last updated from the EUROSTAT on June of 2025. Historically, Cyprus - Harmonised index of consumer prices (HICP): Actual rentals for housing reached a record high of 128.96 points in May of 2025 and a record low of 75.15 points in January of 1996.

Cyprus - Housing cost overburden rate: Tenant, rent at reduced price or free was 1.10% 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: Tenant, rent at reduced price or free - last updated from the EUROSTAT on June of 2025. Historically, Cyprus - Housing cost overburden rate: Tenant, rent at reduced price or free reached a record high of 1.60% in December of 2011 and a record low of 0.20% in December of 2023.

Graph and download economic data for Harmonized Index of Consumer Prices: Services Related to Housing for Cyprus (SERVHOCYM086NEST) from Jan 1996 to May 2025 about Cyprus, harmonized, services, CPI, housing, price index, indexes, and price.

Cyprus Consumer Price Index (CPI): YoY: Housing data was reported at 4.170 % in Mar 2025. This records an increase from the previous number of 2.820 % for Feb 2025. Cyprus Consumer Price Index (CPI): YoY: Housing data is updated monthly, averaging 2.670 % from Jan 2016 (Median) to Mar 2025, with 111 observations. The data reached an all-time high of 29.230 % in Jul 2022 and a record low of -8.450 % in Feb 2016. Cyprus Consumer Price Index (CPI): YoY: Housing data remains active status in CEIC and is reported by Statistical Service of Cyprus. The data is categorized under Global Database’s Cyprus – Table CY.I006: Consumer Price Index: Year on Year Growth.

Graph and download economic data for Harmonized Index of Consumer Prices: Housing, Water, Electricity, Gas and Other Fuels for Cyprus (CP0400CYM086NEST) from Jan 1996 to Jun 2025 about Cyprus, water, fuels, electricity, harmonized, gas, CPI, housing, price index, indexes, and price.

Cyprus Consumer Price Index (CPI): Housing: Maintenance and Repair data was reported at 165.600 2015=100 in Mar 2025. This records an increase from the previous number of 162.350 2015=100 for Feb 2025. Cyprus Consumer Price Index (CPI): Housing: Maintenance and Repair data is updated monthly, averaging 112.190 2015=100 from Jan 2015 (Median) to Mar 2025, with 123 observations. The data reached an all-time high of 165.600 2015=100 in Mar 2025 and a record low of 99.280 2015=100 in Aug 2015. Cyprus Consumer Price Index (CPI): Housing: Maintenance and Repair data remains active status in CEIC and is reported by Statistical Service of Cyprus. The data is categorized under Global Database’s Cyprus – Table CY.I007: Consumer Price Index: 2015=100.

Cyprus Consumer Price Index (CPI): Housing: Electricity, Gas and Other Fuels: Gas data was reported at 153.230 2015=100 in Feb 2025. This records an increase from the previous number of 151.340 2015=100 for Jan 2025. Cyprus Consumer Price Index (CPI): Housing: Electricity, Gas and Other Fuels: Gas data is updated monthly, averaging 104.910 2015=100 from Jan 2015 (Median) to Feb 2025, with 122 observations. The data reached an all-time high of 155.070 2015=100 in Mar 2023 and a record low of 86.410 2015=100 in May 2020. Cyprus Consumer Price Index (CPI): Housing: Electricity, Gas and Other Fuels: Gas data remains active status in CEIC and is reported by Statistical Service of Cyprus. The data is categorized under Global Database’s Cyprus – Table CY.I007: Consumer Price Index: 2015=100.

Cyprus - Severe housing deprivation rate: Tenant, rent at market price was 4.60% in December of 2023, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Cyprus - Severe housing deprivation rate: Tenant, rent at market price - last updated from the EUROSTAT on June of 2025. Historically, Cyprus - Severe housing deprivation rate: Tenant, rent at market price reached a record high of 6.70% in December of 2008 and a record low of 0.40% in December of 2009.

Graph and download economic data for Harmonized Index of Consumer Prices: Tools and Equipment for House and Garden for Cyprus (CP0550CYM086NEST) from Jan 1996 to Jun 2025 about Cyprus, tool, garden, harmonized, equipment, CPI, housing, price index, indexes, and price.

Cyprus - Housing cost overburden rate: Second quintile was 2.50% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Cyprus - Housing cost overburden rate: Second quintile - last updated from the EUROSTAT on July of 2025. Historically, Cyprus - Housing cost overburden rate: Second quintile reached a record high of 4.40% in December of 2013 and a record low of 1.70% in December of 2019.

Cyprus Consumer Price Index (CPI): YoY: Furnishing and Housing Equipment (FH) data was reported at -0.990 % in Mar 2025. This records a decrease from the previous number of -0.530 % for Feb 2025. Cyprus Consumer Price Index (CPI): YoY: Furnishing and Housing Equipment (FH) data is updated monthly, averaging -0.370 % from Jan 2016 (Median) to Mar 2025, with 111 observations. The data reached an all-time high of 8.540 % in Feb 2023 and a record low of -2.690 % in Oct 2017. Cyprus Consumer Price Index (CPI): YoY: Furnishing and Housing Equipment (FH) data remains active status in CEIC and is reported by Statistical Service of Cyprus. The data is categorized under Global Database’s Cyprus – Table CY.I006: Consumer Price Index: Year on Year Growth.

Graph and download economic data for Harmonized Index of Consumer Prices: Services for the Maintenance and Repair of the Dwelling for Cyprus (CP0432CYM086NEST) from Jan 1996 to May 2025 about Cyprus, repair, maintenance, harmonized, services, CPI, housing, price index, indexes, and price.

Graph and download economic data for Harmonized Index of Consumer Prices: Water Supply and Miscellaneous Services Relating to the Dwelling for Cyprus (CP0440CYM086NEST) from Jan 1996 to Jun 2025 about Cyprus, water, miscellaneous, harmonized, services, CPI, housing, price index, indexes, and price.

Graph and download economic data for Harmonized Index of Consumer Prices: Other Services Relating to the Dwelling N.e.c. for Cyprus (CP0444CYM086NEST) from Jan 1996 to Apr 2025 about Cyprus, harmonized, services, CPI, housing, price index, indexes, and price.