Cyprus Property Prices Q2 2025: Apartments Up 5.3%, Houses 3.4%
Residential property prices in Cyprus rose 4.7% year on year in Q2 2025, according to the Central Bank of Cyprus. Apartments drove the growth, while house prices slipped slightly on the quarter.
By RealDeal team · 2 min read · Published 20 Oct 2025 · Updated 8 Oct 2026
The Central Bank of Cyprus (CBC) Residential Property Price Index rose 4.7% year on year in the second quarter of 2025, after 4.8% in the first quarter. On the quarter, prices rose 1.5%: apartments gained 3.1%, while houses edged down 0.1% (CBN).
Apartments lead, houses slow
Year on year, apartment prices rose 5.3% and house prices 3.4%. House price growth slowed in every district, and in Nicosia house prices fell for the third quarter in a row.
| District | All homes | Houses | Apartments |
|---|---|---|---|
| Nicosia | +0.1% | −1.6% | +2.6% |
| Limassol | +6.8% | +6.0% | +4.8% |
| Larnaca | +5.8% | +4.2% | +8.2% |
| Paphos | +9.4% | +9.8% | +8.0% |
| Famagusta | +4.9% | +5.7% | +4.5% |
Annual change, Q2 2025. Source: CBC.
Limassol was the only district where overall price growth accelerated.
Demand and financing
- Sale contracts rose 16.1% to 4,592, from 3,956 a year earlier.
- Sales to domestic buyers grew 15.1% to 2,875, and sales to foreign buyers grew 17.8% to 1,717.
- In Paphos, foreign buyers accounted for 60% of contracts.
- New housing loans rose 22.2% to €353.5 million.
- The average mortgage rate fell to 3.85%, from 4.58% a year earlier.
Supply and outlook
Building permits for residential units rose 12.1% in January–April 2025, to 4,321, which points to more supply in the medium term. The European Commission's index of expected price changes fell to 22.2 from 62.8 a year earlier. This means fewer respondents expect prices to rise over the next three months.