House prices in Cyprus rose by 6% in the fourth quarter of 2025 compared with the same period a year earlier, according to data released by Eurostat on Tuesday. On a quarterly basis, prices showed no change from the third quarter of 2025.
The latest figures point to a steady upward trajectory in the Cypriot housing market, broadly in line with trends across the European Union. Over the longer term, the increase has been significant. Between 2015 and the third quarter of 2025, house prices in Cyprus climbed by 52.91%.
Across the EU, house prices rose by 5.5% year on year in the fourth quarter of 2025, while rents increased by 3.2%. Compared with the previous quarter, prices were up by 0.8% and rents by 0.6%, indicating continued, though more moderate, growth.
A similar pattern was observed in the euro area, where house prices increased by 5.1% annually and by 0.6% on a quarterly basis. In the third quarter of 2025, annual growth had stood at 5.1% in the eurozone and 5.4% across the EU.
Looking at longer-term developments, the gap between property prices and rents remains pronounced. Between 2015 and the third quarter of 2025, house prices across the EU rose by 64.9%, compared with a 21.8% increase in rents.
National data show that in 25 member states with available figures, house prices rose more rapidly than rents over the same period. In Hungary, prices surged by 290%, more than tripling, while in twelve other countries they more than doubled.
Among the highest increases were recorded in Portugal at 180%, Lithuania at 168% and Bulgaria at 157%. Finland was the only country to register an overall decline, with prices falling by 3%.
Rents, by contrast, increased in all 27 EU member states during the same period. The sharpest rise was recorded in Hungary at 109%, followed by Lithuania at 88%, while Ireland and Poland both saw increases of 76%.
On an annual basis for the fourth quarter of 2025, house prices declined in just one country and rose in 25 others. Finland recorded a decrease of 3.1%, while the strongest growth was seen in Hungary at 21.2%, Portugal at 18.9% and Croatia at 16.1%.
Quarterly data show a more mixed picture. House prices fell in three member states, remained stable in Cyprus, and increased in 22 countries. The declines were recorded in France at -0.7%, Finland at -0.5% and Estonia at -0.3%, while the largest increases were seen in Slovenia at 5.1%, Hungary at 4.2% and Portugal at 4.0%.
Source: CNA