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.

Graph and download economic data for Residential Property Prices for Cyprus (QCYN368BIS) from Q1 2003 to Q4 2024 about Cyprus, residential, housing, and price.

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.

Residential Property Prices in Cyprus increased 4.53 percent in December of 2024 over the same month in the previous year. This dataset includes a chart with historical data for Cyprus Residential Property Prices.

The Direct Real Estate Activities industry have come up against numerous headwinds in recent years, ranging from the COVID-19 outbreak in 2020 to the high base rate environment in the years since, which has inflated borrowing costs for potential buyers. This is a sharp contrast to the ultra-low interest environment seen over the decade following the 2008 financial crisis. Still, revenue is forecast to edge upwards at a compound annual rate of 0.6% over the five years through 2025 to €622.9 billion, including an anticipated rise of 0.8% in 2025. Despite weak revenue growth, profitability remains strong, with the average industry profit margin standing at an estimated 18.9% in 2025. Central banks across Europe adopted aggressive monetary policy in the two years through 2023 in an effort to curb spiralling inflation. This ratcheted up borrowing costs and hit the real estate sector. In the residential property market, mortgage rates picked up and hit housing transaction levels. However, the level of mortgage rate hikes has varied across Europe, with the UK experiencing the largest rise, meaning the dent to UK real estate demand was more pronounced. Commercial real estate has also struggled due to inflationary pressures, supply chain disruptions and rising rates. Alongside this, the market’s stock of office space isn’t able to satisfy business demand, with companies placing a greater emphasis on high-quality space and environmental impact. Properties in many areas haven't been suitable due to their lack of green credentials. Nevertheless, things are looking up, as interest rates have been falling across Europe over the two years through 2025, reducing borrowing costs and boosting the number of property transactions, which is aiding revenue growth for estate agents. Revenue is slated to grow at a compound annual rate of 4.5% over the five years through 2030 to €777.6 billion. Economic conditions are set to improve in the short term, which will boost consumer and business confidence, ramping up the number of property transactions in both the residential and commercial real estate markets. However, estate agents may look to adjust their offerings to align with the data centre boom to soak up the demand from this market, while also adhering to sustainability commitments.

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 Real Residential Property Prices for Cyprus (QCYR368BIS) from Q1 2003 to Q3 2024 about Cyprus, residential, housing, real, and price.

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.

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.

Real residential property prices Y-on-Y, percent change in Cyprus, December, 2024 The most recent value is 2.95 percent as of Q4 2024, a decline compared to the previous value of 5 percent. Historically, the average for Cyprus from Q1 2003 to Q4 2024 is 2.05 percent. The minimum of -8.24 percent was recorded in Q4 2011, while the maximum of 22.87 percent was reached in Q4 2004. | TheGlobalEconomy.com

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.

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: Actual Rentals for Housing for Cyprus (CP0410CYM086NEST) from Jan 1996 to Jun 2025 about Cyprus, harmonized, rent, CPI, housing, price index, indexes, and price.

Building contractors and developers depend on various socio-economic factors, including property values, underlying sentiment in the housing market, the degree of optimism among downstream businesses and credit conditions. All of these drivers typically track in line with economic sentiment, with recent economic shocks spurring a difficult period for building contractors and developers. Nonetheless, the enduring need for building services, particularly to tackle housing shortages across the continent, ensures a strong foundation of work. Revenue is forecast to grow at a compound annual rate of 2.3% to reach €1.3 trillion over the five years through 2025. Operational and supply chain disruption caused by the pandemic reversed the fortunes of building contractors and developers in 2020, as on-site activity tumbled and downstream clients either cancelled, froze or scaled back investment plans. Aided by the release of pent-up demand and supportive government policy, building construction output rebounded in 2021. Excess demand for key raw materials led to extended lead times during this period, while input costs recorded a further surge as a result of the effects of rapidly climbing energy prices following Russia’s invasion of Ukraine. Soaring construction costs and the impact of interest rate hikes on both the housing market and investor sentiment led to a renewed slowdown in building construction activity across the continent. However, falling inflation and the start of an interest rate cutting cycle have spurred signs of a recovery in new work volumes, supporting anticipated revenue growth of 2.3% in 2025. Revenue is forecast to increase at a compound annual rate of 6.7% to €1.7 trillion over the five years through 2030. Activity is set to remain sluggish in the medium term, as weak economic growth and uncertainty surrounding the impact of the volatile global tariff environment on inflation and borrowing costs continue to weigh on investor sentiment. Contractors and developers will increasingly rely on public sector support, including measures to boost the supply of new housing, as countries seek to tackle severe housing shortages. Meanwhile, the introduction of more stringent sustainability requirements will drive demand for energy retrofits.

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 - 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 - Selected residential property prices, Nominal, Index, 2010 = 100

Cyprus Market Capitalisation: CSE: Real Estate data was reported at 67,085,700.000 EUR in Mar 2020. This records a decrease from the previous number of 72,004,373.000 EUR for Feb 2020. Cyprus Market Capitalisation: CSE: Real Estate data is updated monthly, averaging 73,383,787.000 EUR from Dec 2019 (Median) to Mar 2020, with 4 observations. The data reached an all-time high of 75,438,769.000 EUR in Dec 2019 and a record low of 67,085,700.000 EUR in Mar 2020. Cyprus Market Capitalisation: CSE: Real Estate data remains active status in CEIC and is reported by Cyprus Stock Exchange. The data is categorized under Global Database’s Cyprus – Table CY.Z002: Cyprus Stock Exchange: Market Capitalisation.

Cyprus - Harmonised index of consumer prices (HICP): Services related to housing was 125.16 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): Services related to housing - last updated from the EUROSTAT on June of 2025. Historically, Cyprus - Harmonised index of consumer prices (HICP): Services related to housing reached a record high of 125.16 points in May of 2025 and a record low of 68.69 points in January of 1996.

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.