House prices in Cyprus have risen 52.9% since 2015, with prices remaining stable in the fourth quarter of 2025.
The island’s property market moves in line with a broader European trend of sharp price increases that has fuelled recurring concerns about rent levels and the cost of residential property, according to Eurostat data.
Across the EU, house prices rose 5.5% year-on-year in the first quarter of 2025 — 5.1% in the eurozone — maintaining the pace recorded in the previous quarter. On a quarterly basis, prices rose 1.4%. Rents increased at a slower pace, rising 3.2% year-on-year and 0.9% quarter-on-quarter over the same period.
The sharpest annual increases were recorded in Hungary at 21.2%, Portugal at 18.9% and Croatia at 16.1%. Finland was the only EU member state to record an annual price decline, falling 3.1%.
On a quarterly basis, comparing the fourth quarter of 2025 with the third, prices dipped slightly in France at 0.7% and Estonia at 0.3%, while Cyprus recorded no change.
Rents are rising more slowly than sale prices. In the fourth quarter of 2025, EU rents rose 3.2% year-on-year, compared with a 5.5% increase in sale prices over the same period.
The picture over the past decade is more striking. Since 2015, EU house prices have risen 64.9% while rents have increased 21.8% over the same period. Hungary recorded the biggest rise, with prices nearly quadrupling at 290%. Prices more than doubled in a further 12 countries, among them Portugal at 180% and Bulgaria at 157%. Between 2016 and 2021, house prices rose faster than inflation in at least 24 of the 27 EU member states every year.
On transaction volumes, data covering 16 EU countries between 2015 and 2025 shows seasonal patterns in housing activity. The highest average number of transactions was recorded in the fourth quarter in nine countries, including Cyprus, Ireland, Belgium, the Netherlands and Spain. The lowest transaction volumes were recorded in the first quarter in 13 of the 16 countries analysed.
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