Cyprus Property Prices Rise Despite Slower Growth Outlook
Cyprus property prices continued to climb during the second quarter of 2025, with the Central Bank of Cyprus’ House Price Index (HPI) rising 1.5% compared with the previous quarter and by 4.7% year-on-year.
The growth was mainly driven by higher apartment prices, while house prices remained mostly stable. Over the same period, the number of property sales rose by 16.1%, mortgage lending increased by 22.2%, and home loan interest rates fell to 3.85%, offering some relief to buyers and property developers.
- Apartments led the gains with a 3.1% jump in prices.
- House prices slipped slightly by 0.1%.
- The combined House Price Index for both houses and apartments rose 1.5% quarter-on-quarter.
No direct quotes available in the text.
Cyprus' property market shows steady recovery in 2025, with construction activity and property sales on the rise.
Author's summary: Cyprus property prices rise 1.5% in Q2 2025.