Positive outlook for Cyprus real estate as prices rise again

Housing prices in Cyprus continued to rise in early 2025, with a 4.8% annual increase in the first quarter, up from 4.5% at the end of 2024, according to the Central Bank of Cyprus. The General Housing Price Index also showed a quarterly rise of 1.9%, reflecting stronger demand, especially from foreign buyers. House prices rose faster than apartment prices both quarterly and annually — marking the first time since 2008 that houses outpaced apartments on a yearly basis.

The rise was fueled by increased activity from both domestic and foreign buyers, with all districts seeing more property sales. Limassol and Famagusta showed strong house price growth, while Paphos and Larnaca saw some slowing but still solid gains. Nicosia was more stable, even recording a slight annual decline in house prices. Apartment price trends were mixed, with notable increases in Paphos but slower growth elsewhere. Meanwhile, construction activity saw modest expansion, with more building permits and continued positive sentiment in the sector.

These trends highlight steady demand in the real estate market, supported by international interest and ongoing construction, although growth rates vary between regions and property types.