Cyprus Apartment Prices Reach Record High: What It Means for Buyers and Agents

Based on data from the Central Bank of Cyprus.

Cyprus’ apartment price index reached 118.2 points in Q2 2025, above its previous peak of 105.8 in late 2008. That was a significant milestone for the apartment segment, though it should not be confused with a record for every type of home.

At MLS RealtyHub, we see the distinction as essential. A national index can show the direction of a market segment, but buyers and agents still need to examine the location and characteristics of an individual property.

The Numbers Behind the Record

The Central Bank of Cyprus has compiled its residential property price indices from valuation data collected since 2006. The indices use Q1 2010 = 100 as their base.

In Q2 2025, the overall residential property price index stood at 101.1 points. It had recovered substantially from the lows following Cyprus’ financial crisis, but it had not surpassed the overall market’s earlier peak. The record highlighted in these figures belongs specifically to apartments.

An index measures price changes over time. A reading of 118.2 does not mean that a typical apartment costs €118,200, nor does it describe the asking price of every apartment on the market.

Apartments Lead the Recovery

The apartment index’s rise to 118.2 points put it above the previous peak of 105.8 recorded in Q4 2008. The house price index stood at 92.7 points in Q2 2025, showing a different recovery path.

This difference matters when discussing “Cyprus property prices.” Apartments and houses serve different buyers and are distributed differently across the island. Within either category, prices can also vary considerably by district, neighbourhood, age, and condition.

For an agent, the index is a starting point for a conversation about the market. Relevant nearby properties and a home’s own features remain necessary when discussing a particular asking price.

How Cyprus Compares with the Rest of Europe

Eurostat’s figures offer a broader European comparison, but its House Price Index is a separate series from the Central Bank’s valuation-based indices. Their index levels and changes should not be treated as interchangeable.

For Q2 2025, Eurostat reported annual house price growth of approximately 5.1% in the euro area and 5.4% across the EU. These regional growth rates provide context for the period; they do not, by themselves, establish whether a home in Cyprus is affordable or well priced.

What This Means for Agents and Buyers

For agents, the apartment record is a reason to be precise. State which index you are using, the quarter it describes, and whether a comparison concerns apartments, houses, or all homes. When advising on an individual listing, examine its location, condition, and relevant alternatives.

For buyers, a record index reading does not mean every apartment has risen at the same rate. Compare properties that meet your needs and confirm their current asking prices and availability.

MLS RealtyHub helps professionals organise listing information and search the inventory available to them. Those listings can inform property comparisons, while the Central Bank index supplies a separate view of longer-term price movements.

Our Take

The Q2 2025 figures tell a clear, specific story: the apartment index passed its previous peak, while the overall residential index and the house index followed different paths.

That is more useful than treating a record in one segment as proof of a market-wide boom. Careful comparisons give agents and buyers a stronger basis for their next decision.