Nicosia, Cyprus. Eurostat data shows house prices and rents in Cyprus rising faster than EU averages, alongside increasing signs of affordability pressure. Despite this, Cyprus continues to record comparatively low housing cost burdens across several indicators.
Prices and rents rise above EU averages
House prices in Cyprus rose by 6 per cent in the fourth quarter of 2025 compared with the same period a year earlier, above the EU average of 5.5 per cent. Rents increased by 4.2 per cent year-on-year in March 2026, compared with 2.9 per cent in the EU.
The house price-to-income ratio in Cyprus increased by 0.6 per cent in 2024, while the EU recorded a 1.7 per cent decline, according to Eurostat. The figures point to growing pressure on access to housing, particularly for younger households and those trying to enter the market, alongside continued strong housing investment and construction activity.
Eurostat Housing Dashboard and scope
Eurostat launched the Housing Dashboard to bring together data on housing affordability, construction, living conditions and households’ environmental impact. The tool allows comparisons across EU and EFTA countries, as well as the EU and euro area, through interactive charts covering the economy and finance, population and social conditions, businesses, and environment and energy.
Long-term EU trends and Cyprus exception
Across the EU, house prices rose by 53 per cent between 2010 and 2024, while rents increased by 25 per cent. Hungary, Estonia and Lithuania recorded the sharpest rises in house prices at 231 per cent, 228 per cent and 179 per cent, respectively, while rents rose fastest in Estonia, Lithuania, Ireland and Hungary.
Cyprus, together with Italy, was one of only two EU countries where house prices did not increase between 2010 and 2024, even as the latest Housing Dashboard figures indicate a renewed upward trend.
Housing costs and overburden indicators
Cyprus recorded a homeownership rate of 69.2 per cent in 2025, slightly above the EU average of 68.5 per cent. The share of people facing excessive housing costs was 2.4 per cent, below the EU’s 7.7 per cent.
Eurostat’s Housing in Europe 2025 publication showed households in Cyprus spent 11 per cent of disposable income on housing in 2024, the lowest share in the EU, compared with an EU average of 19 per cent. Greece recorded the highest share at 36 per cent, followed by Denmark at 26 per cent, and Sweden and Germany at 25 per cent.
In 2024, Cyprus and Croatia had the lowest housing cost overburden rates in cities, both at 3 per cent, while Cyprus recorded the lowest rate in rural areas at 1 per cent.
What do you think the recent rise in house prices and rents in Cyprus will mean for first-time buyers?
