Cyprus House Price Index Q2 2025: A Pause in Momentum, Not in Confidence
Cyprus house price growth eased to 1% in Q2 2025, marking a stable phase for the market. Discover what this means for buyers, sellers, and investors.
When Cyprus first published its House Price Index for the second quarter of 2025, the preliminary figures suggested modest growth: 0.2% from the previous quarter and 1.0% year on year.
Those figures were later revised. In the updated series, the second quarter shows a 1.8% quarterly decline and a 2.9% annual increase. The change matters: an article describing the original estimate as the latest result would give readers the wrong picture.
For MLS RealtyHub, the lesson is straightforward. A market trend should be read from the current data series, with attention to both the time period and the possibility of revisions.
Behind the Numbers: What the Index Really Tells Us
The revised House Price Index (HPI) stood at 147.48 points in Q2 2025, with 2015 set at 100. The index measures changes in residential property prices across the areas controlled by the Republic of Cyprus. It includes both new and existing dwellings.
CYSTAT uses property data from the Department of Lands and Surveys and adjusts for differences between homes when calculating the index. That helps make comparisons between periods more meaningful than simply averaging the prices of properties sold in each quarter.
The HPI describes the wider housing market. It does not establish the value of a particular apartment, house, or district.
Quarterly Evolution: The Market’s Pulse
The revised series shows why the choice of comparison matters. In Q2 2025, the index was lower than in Q1 2025, yet higher than in Q2 2024.
Those results can coexist. A quarterly decline describes movement from one three-month period to the next; annual growth compares the quarter with the same period a year earlier.
The figures show a mixed picture at that point in time, rather than a simple story of uninterrupted growth or a confirmed long-term downturn.
Historical Context: Lessons from the Past
Housing prices do not rise at the same rate every quarter. Looking across a longer series helps put a single movement in perspective.
CYSTAT revised its HPI methodology and historical series in December 2025, including the figures for Q2 2025. Comparisons should therefore use values from the same revised series. Mixing the original 113.99-point estimate with later index values would produce a misleading trend.
What This Means for Buyers, Sellers, and Agents
For buyers, a national quarterly decline does not mean every property has become cheaper. The price and suitability of a home still depend on its location, condition, features, and comparable properties.
For sellers and developers, the annual rise does not mean any asking price will be supported by the market. A national index provides context, while pricing a specific property requires a closer comparison.
For agents, the revision is a reminder to check the date and version of a statistic before using it in a client conversation. Asking prices in listings and changes in the official HPI answer different questions.
A More Careful Reading of Q2 2025
The revised figures do not support calling Q2 2025 a quarter of modest price growth: they show a 1.8% decline from Q1. They also do not show that prices were below their level a year earlier: the index remained 2.9% higher year on year.
That combination is more useful than a confident prediction about what happens next. It describes the period measured and leaves future movements open.
Why This Matters for Cyprus Real Estate
Subtle changes in the market demand precise language. Agents need to distinguish national price trends from individual property comparisons, and preliminary estimates from revised figures.
MLS RealtyHub helps professionals organize current property listings. Used alongside official market statistics, clear listing information can support more informed conversations with buyers and sellers.
Frequently asked questions
Did Cyprus house prices rise in Q2 2025?
In the revised HPI series, prices fell 1.8% from the previous quarter but were 2.9% higher than a year earlier.
Why do some articles report a 0.2% quarterly increase?
That was CYSTAT’s preliminary Q2 2025 estimate. The figure changed when the index methodology and historical series were revised.
Can the national HPI tell me what one property is worth?
No. It measures a broad price trend. Assessing an individual property requires relevant local comparisons and its specific details.