Nicosia, Cyprus. Cyprus recorded an accelerated increase in house prices in the fourth quarter of 2025, driven by strong demand from domestic and foreign buyers, according to the Central Bank of Cyprus.
Central bank assessment
The Central Bank of Cyprus said the trend also reflects a gradual rise in housing supply and construction costs remaining at historically high levels, with these factors confirmed through internal econometric analysis.
Quarterly and annual price changes
During the fourth quarter of 2025, the general House Price Index recorded a quarter-on-quarter increase of 2.3 per cent, compared with 1.2 per cent in the third quarter.
The quarterly increase was driven by a 3 per cent rise in apartment prices and a 1.2 per cent increase in house prices.
On an annual basis, house prices rose by 7.1 per cent in the fourth quarter of 2025, compared with 5 per cent in the previous quarter.
Apartment prices recorded an annual increase of 9.6 per cent, while house prices rose by 3.4 per cent.
District-level developments
Across districts, the general housing price index increased in Nicosia after a decline in the previous quarter, while Limassol and Larnaca recorded accelerated growth.
Prices rose by 1 per cent in Nicosia, while increases accelerated to 9.9 per cent in Limassol and 8.3 per cent in Larnaca.
In Paphos, growth slowed to 7.6 per cent, while in Famagusta the index remained unchanged compared with the fourth quarter of 2024.
House prices in Nicosia
By property type, house prices declined in Nicosia for a fifth consecutive quarter, falling by 1.3 per cent year-on-year.
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