Cyprus Property Prices Up 5% in Q3 2025: Apartments Accelerate
Residential property prices in Cyprus rose 5% year on year in the third quarter of 2025, up from 4.7% in the second quarter, according to the Central Bank of Cyprus. Apartment prices accelerated to 6.4%, while house price growth slowed to 2.6%.
By RealDeal team · 1 min read · Published 10 Dec 2025 · Updated 8 Oct 2026
Residential property prices in Cyprus rose 5% year on year in Q3 2025, compared with 4.7% in Q2, according to the Central Bank of Cyprus (CBC) Residential Property Price Index released on 9 December. On a quarterly basis the index rose 1.2%, after 1.5% in the previous quarter.
Apartments accelerate, houses slow
Apartment prices rose 6.4% year on year, while house price growth slowed to 2.6%. Quarter on quarter, apartments gained 1.7% and houses 0.4%. The CBC linked the trend to a shift in demand towards smaller properties as construction costs remain high.
| District | All homes | Houses | Apartments |
|---|---|---|---|
| Paphos | +8.9% | +7.4% | +10.5% |
| Larnaca | +7.3% | +4.2% | +9.6% |
| Limassol | +7.1% | +5.5% | +5.0% |
| Nicosia | −0.5% | −2.7% | +2.6% |
| Famagusta | −0.3% | −1.6% | +5.9% |
Annual change, Q3 2025 vs Q3 2024. Source: CBC.
House prices in Nicosia fell for the fourth consecutive quarter.
Demand and lending
The CBC also cited DLS figures showing 4,444 sale contracts in Q3 2025, 8.9% more than a year earlier, with growth from both local buyers (+8.6%) and foreign buyers (+9.3%). In Paphos, 68% of buyers were foreign. New housing loans rose 22% in January–September 2025, to €972 million.