The Cyprus Statistical Service (CYSTAT) has released the preliminary data for the House Price Index (HPI) for the second quarter of 2025, revealing a noticeable slowdown in property price growth.
The HPI for Q2 2025 is recorded at 113.99 points, based on 2015 as the reference year (2015=100). This marks a marginal quarterly rise of just 0.2% compared to Q1 2025. When examining the annual change, the index shows a 1.0% increase from Q2 2024, signalling a deceleration in price appreciation across the Cypriot property market.
Tracking the HPI over the past year illustrates a clear trend of decelerating growth rates. Between Q2 2024 and Q1 2025, annual yearly increases fluctuated between a robust 2.0% and 2.7%. Yet, the second quarter of 2025 saw this figure halve to 1.0%. Quarterly movements have also been variable: +1.2% in Q2 2024, +0.7% in Q3, a dip of -1.0% in Q4, a recovery of +1.1% in Q1 2025, and finally a modest +0.2% in Q2 2025.
The Cyprus House Price Index is a quarterly metric designed to monitor shifts in average residential property prices. Covering both new and resale homes, the index also factors in the land component of these properties, providing a comprehensive view of market trends.
Source data is derived from the Department of Lands and Surveys under the Ministry of Interior. The information encompasses government-controlled areas across Cyprus.
CYSTAT applies a rolling window hedonic regression model separately for new and old dwellings to estimate sub-indices. These are subsequently weighted yearly by the property values to produce the final figures. It’s important to note that all data are provisional and may be adjusted as more information becomes available.
The tempered growth rate points towards a stabilizing market rather than a downturn, suggesting that potential buyers might not face the rapid price hikes witnessed in recent years. For those looking for more affordable options, exploring Cheap Apartments for Sale in Cyprus could uncover some valuable opportunities amid this home price moderation.
If you are interested in properties in specific regions or types, don’t miss exploring Houses for Sale in Cyprus on INDEX.cy.
For further context, the HPI’s past trends reflect periods of both growth and decline, influenced by economic shifts and market sentiment since 2010. Notably, the recent slowdown follows a consistent period of recovery after earlier downturns, with indexing stabilizing post-2015 model adjustments.
Staying updated with these metrics is vital for those navigating Cyprus’s property landscape, whether investing, buying a home, or selling assets.
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