Apartment prices lead market growth
The Cyprus property prices index accelerated in the fourth quarter of 2025, according to the Central Bank of Cyprus (CBC) Housing Price Index report. Apartment prices surged 9.6% year-on-year, while house prices increased by 3.4%, reflecting strong demand from both local and foreign buyers.
The report highlights that rising construction costs and gradual growth in housing supply also contributed to the overall increase.
Regional trends in house and apartment prices
The CBC data shows apartment prices grew in all districts except Famagusta, where they fell. House prices rose in most districts, except Nicosia, which recorded an annual decrease for the fifth consecutive quarter.
Specifically:
- Nicosia: House prices dropped 1.3%; apartments rose 3%.
- Limassol: House prices increased 6%; apartments up 9.3%.
- Larnaca: House prices rose 4.5%; apartments surged 12.2%.
- Paphos: House price growth slowed to 7.6%; apartments increased 13.6%.
- Famagusta: House prices remained stable; apartment prices fell 4.1%.
Sales and demand rise sharply
The Department of Lands and Surveys reported 4,941 sales deeds in Q4 2025, an 18.7% annual increase. Local buyers accounted for 2,901 transactions (+15.3% y/y) and foreign buyers for 2,040 (+23.9% y/y).
Limassol led the market with 1,407 sales, followed by Nicosia (1,124), Larnaca (1,109), Paphos (1,036), and Famagusta (265). Local buyers dominated Nicosia (84%) and Limassol (67%), while foreign buyers accounted for 68% in Paphos. Larnaca and Famagusta showed a more balanced split.
Household loans for property purchases continued their steady upward trend throughout 2025, supporting ongoing market momentum.
Quarterly price changes
The overall Housing Price Index rose 2.3% in Q4 2025, up from 1.2% in Q3. Apartment prices increased 3% quarterly, while house prices grew 1.2%. On an annual basis, housing prices rose 7.1% in Q4, accelerating from 5% in Q3.
Also read: Electricity price hikes expected soon after fuel increases
For more videos and updates, check out our YouTube channel
