The Residential Property Price Index recorded an accelerating increase in the fourth quarter of 2025, the Central Bank of Cyprus (CBC) says in its Residential Property Price Index (RPPI) report for the fourth Quarter of 2025.
This, the CBC explains, is due to the continued strong demand from both local and foreign buyers, the gradual increase in housing supply, as well as construction costs, which remain at historically high levels.
The overall index (houses and apartments) in the fourth quarter of 2025 recorded a quarterly increase of 2.3% compared to an increase of 1.2% in the third quarter of 2025. This came from an accelerating quarterly increase of 3% in apartment prices, and 1.2% in house prices.
On an annual basis, a 7.1% increase was recorded in house prices in the fourth quarter of 2025, compared to a 5% increase in the third quarter of 2025. Apartment prices accelerated by 9.6% and house prices by 3.4% during the quarter under review.
Prices per district
Regarding house price indices by district, an annual increase was recorded in Nicosia after a decrease in the previous quarter, an acceleration in Limassol and Larnaca, a deceleration in Paphos, while in Famagusta the index remained at the same levels as in the fourth quarter of 2024.
Specifically, an increase of 1% was recorded in Nicosia and an acceleration of 9.9% and 8.3% in Limassol and Larnaca, respectively. In Paphos, a deceleration was recorded by 7.6%.
By type of residence and on an annual basis, an accelerated increase was recorded in both the House Price Index and the Apartment Price Index.
In relation to the House Price Index, there was a slowdown of 4% in relative prices in Paphos, an accelerated increase in Limassol (6%) and Larnaca (4.5%) and an increase in Famagusta (1.9%) after a decrease in the previous quarter. Nicosia recorded an annual decrease for the fifth consecutive quarter (-1.3%).
Apartment prices recorded an accelerated increase in all districts during the fourth quarter of 2025, except for Famagusta where a decrease was recorded (-4.1%). Specifically, apartment prices recorded an accelerated increase of 3% in Nicosia, 9.3% in Limassol, 12.2% in Larnaca and 13.6% in Paphos.
Sales documents
The report says that sales documents, which concern all types of properties, recorded an annual increase of 18.7% in the fourth quarter of 2025 (4,941 compared to 4,163 in the fourth quarter of 2024).
The increase in sales documents came from both domestic and foreign buyers.
During the quarter under review, there was an annual increase of 15.3% in the number of properties sold to domestic buyers (2,901 compared to 2,516 in the fourth quarter of 2024), while the number of properties sold to foreign buyers increased by 23.9% on an annual basis (2,040 compared to 1,647 in the fourth quarter of 2024).
Regarding the number of sales documents by district, the most transactions are located in Limassol (1,407) followed by Nicosia (1,124), Larnaca (1,109) and Paphos (1,036), with Famagusta (265) recording the lowest number of transactions.
As regards the percentage of domestic buyers, in the Nicosia district it stands at 84% and in the Limassol district at 67%. In the Larnaca and Famagusta districts, the proportion of domestic and foreign buyers was generally balanced, while in Paphos buyers are mainly foreigners (68%).
CNA