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Rising Housing Prices Deepen Housing Crisis in Cyprus and Europe

Published January 10, 2026, 07:04
Rising Housing Prices Deepen Housing Crisis in Cyprus and Europe

Housing prices in Cyprus and Europe continue to rise, confirming a deepening housing crisis. In Cyprus, prices increased by 0.1% in the third quarter of 2025 compared to the fourth quarter of 2024, but have risen by a total of 46.86% since 2015. At the European Union level, housing prices increased by 5.5% and rents by 3.1% compared to the third quarter of 2024. Hungary recorded the largest increase in housing prices (+275%), followed by Portugal, Lithuania, and Bulgaria. Finland is the only country that showed a decrease (-2%). Rents have also increased in all EU member states, with Hungary leading (+107%), followed by Lithuania, Slovenia, Poland, and Ireland. The high-value property market in Cyprus remains concentrated in Limassol, where eight of the ten most expensive sales took place in October. The ten most expensive sales totaled €87.6 million, with the most expensive being a three-story apartment in Potamos Germasogeias, priced at €15.2 million. Ask Wire reports that Limassol remains a leader in the high-value property market, with frequent transactions in the seven and eight-figure range.