Politis

Property Prices Accelerate - Apartments Up 9.6%

Published March 18, 2026, 17:18
Property Prices Accelerate - Apartments Up 9.6%

Property prices in Cyprus are showing accelerating growth, with the general house price index rising by 7.1% in the fourth quarter of 2025 year-on-year, compared to a 5% increase in the previous quarter. This increase is due to continued strong demand from local and foreign buyers, the gradual increase in housing supply and the high construction cost. In particular, apartment prices accelerated to 9.6% from 6.4% in the previous quarter, while house prices increased by 3.4% from 2.6%. Apartment prices increased in all provinces except Famagusta, where a decrease was recorded, while house prices increased in all provinces except Nicosia, where a decrease was recorded for the fifth consecutive quarter. At the same time, the increase in approved building permits continues, indicating a gradual increase in housing supply. Economic sentiment surveys by the European Commission confirm the positive trend in construction activity. Regarding changes by province, an increase was recorded in Nicosia, acceleration in Limassol and Larnaca, a slowdown in Paphos and stability in Famagusta.