The latest preliminary figures released by the Cyprus Statistical Service (CyStat) suggest that the residential property market remained broadly stable in the third quarter of 2025, with only marginal movements recorded across the House Price Index (HPI).
According to CyStat, the HPI reached 146.86 units in Q3 2025, reflecting a quarter-on-quarter decline of 0.3% when compared with the second quarter of the year. Despite this slight dip, annual performance remained positive, with prices 0.1% higher than in the third quarter of 2024. This indicates a market that is cooling gently rather than experiencing any significant correction.
Data covering the period from Q3 2024 to Q3 2025 highlights modest fluctuations in both quarterly and annual price changes, reinforcing the view that house prices are currently moving within a narrow range.
A closer look at property categories reveals diverging trends between new-build and existing homes. The House Price Index for new dwellings stood at 164.28 units in Q3 2025, edging down slightly from 164.60 units in the previous quarter. This minor decline suggests a softening in demand or pricing pressure within the new-build segment.
Meanwhile, the index for existing dwellings was estimated at 134.75 units, compared with 135.29 units in Q2 2025. Although the decrease is modest, it mirrors the broader market trend of subdued short-term price movement.
Quarterly sub-indices for both new and existing homes, covering the period from the third quarter of 2024 to the third quarter of 2025, provide further insight into these gradual shifts.
Overall, the figures point to a housing market characterised by stability, with limited volatility and restrained price growth as buyers and sellers adjust to prevailing economic conditions.
