House prices in Cyprus showed a modest 1.0% annual increase in the second quarter of 2025, a figure that highlights a stable and slowing market that stands in stark contrast to the rapid price hikes seen across most of Europe. According to the latest data from Eurostat, the EU and euro area saw average annual price increases of over 5%.
The European Context: A Hot Market
While Cyprus experienced very mild price growth, the rest of Europe saw a much more dynamic market. The average annual increase in house prices reached 5.4% in the EU and 5.1% in the euro area.
Several member states recorded double-digit growth, including:
- Portugal (+17.2%)
- Bulgaria (+15.5%)
- Hungary (+15.1%)
Finland (-1.3%) was the only member state to record an annual price decline during the period.
A Closer Look at Cyprus’s Stable Trend
The data for Cyprus confirms a trend of market stabilization and a slowdown in price growth. The 1.0% annual rise in the second quarter is half the 2.0% annual growth recorded in the first quarter of the year.
On a quarterly basis, the price increase was just 0.2%, a significant deceleration from the 1.1% rise seen in the previous quarter. This demonstrates that the Cypriot property market is not experiencing the dramatic increases observed in other European countries.
Source: Stockwatch.com.cy