Graph and download economic data for Real Residential Property Prices for Cyprus (QCYR628BIS) from Q1 2002 to Q1 2025 about Cyprus, residential, HPI, housing, real, price index, indexes, and price.

Residential Property Prices in Cyprus increased 4.83 percent in March of 2025 over the same month in the previous year. This dataset includes a chart with historical data for Cyprus Residential Property Prices.

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.

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.

Graph and download economic data for Residential Property Prices for Cyprus (QCYN368BIS) from Q1 2003 to Q1 2025 about Cyprus, residential, housing, and price.

Real residential property prices Y-on-Y, percent change in Cyprus, March, 2025 The most recent value is 2.79 percent as of Q1 2025, a decline compared to the previous value of 2.95 percent. Historically, the average for Cyprus from Q1 2003 to Q1 2025 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

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.

Graph and download economic data for Real Residential Property Prices for Cyprus (QCYR368BIS) from Q1 2003 to Q4 2024 about Cyprus, residential, housing, real, and price.

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 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 - 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 September 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.

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.

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.

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.

Over the five years through 2024, IP leasing revenue is projected to fall at a compound annual rate of 4.5% to €29.7 billion. IP leasing demand has benefitted from increasing technological complexity in vehicles, software and pharmaceuticals. Tax incentives have also driven up IP leasing by reducing the R&D costs, thereby cutting the prices charged for leasing IP. Demand from the radio frequency spectrum leasing market has surged thanks to the rollout of 5G across the majority of European geographies. However, IP leasing demand slumped at the height of the COVID-19 pandemic, which caused business confidence and research and development spending to tumble. Revenue has since bounced back, though, and is slated to swell by 0.2% in 2024 as European businesses continue to realise the benefits of leasing IP rather than developing it themselves. Revenue is forecast to surge at a compound annual rate of 4.8% over the five years through 2029, reaching €37.7 billion. Rising research and development expenditure across Europe will boost the pool of registered designs, patents and trademarks available in the market, fuelling revenue growth. European business and consumer sentiment is projected to strengthen moving forward, supporting demand for IP leasing. The ongoing trend of technological manufacturers across Europe becoming fabless will also drive up the need for leasing IP.

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

Cyprus Direct Investment Abroad: Flow: ow Real Estate Activities data was reported at -271.200 EUR mn in 2023. This records a decrease from the previous number of 804.200 EUR mn for 2022. Cyprus Direct Investment Abroad: Flow: ow Real Estate Activities data is updated yearly, averaging 217.500 EUR mn from Dec 2013 (Median) to 2023, with 11 observations. The data reached an all-time high of 2,413.100 EUR mn in 2019 and a record low of -1,459.400 EUR mn in 2020. Cyprus Direct Investment Abroad: Flow: ow Real Estate Activities 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.O005: Direct Investment Abroad: BPM6: by Industry.

Cyprus GDP: GVA: NACE 2: Real Estate Activities data was reported at 784.390 EUR mn in Dec 2024. This records an increase from the previous number of 769.070 EUR mn for Sep 2024. Cyprus GDP: GVA: NACE 2: Real Estate Activities data is updated quarterly, averaging 366.520 EUR mn from Mar 1995 (Median) to Dec 2024, with 120 observations. The data reached an all-time high of 784.390 EUR mn in Dec 2024 and a record low of 102.890 EUR mn in Mar 1995. Cyprus GDP: GVA: NACE 2: Real Estate Activities 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.A016: ESA 2010: GDP: by Industry: Current Price.