While house prices rise in the EU, prices in Cyprus remain largely stable

House prices across the European Union continued their upward trend in the third quarter of 2025, while Cyprus recorded only marginal changes, according to data released by Eurostat.

At EU level, house prices increased by 5.5% year-on-year, compared with the third quarter of 2024, while on a quarterly basis prices rose by 1.6%, confirming the strong momentum in the European housing market.

In contrast, house prices in Cyprus recorded a modest increase of just 0.1% compared with the last quarter of 2024, while on a quarterly basis prices declined by 0.3% compared with the second quarter of 2025, indicating signs of market stabilisation.

Despite the short-term slowdown, the long-term picture remains positive. Comparing the third quarter of 2025 with the same period in 2015, house prices in Cyprus increased by 46.86%, reflecting the sustained growth of the housing market over the past decade.

Across EU member states, house prices rose in 25 countries, with Hungary recording the strongest increase (+275%). Significant rises were also observed in Portugal (+169%), Lithuania (+162%) and Bulgaria (+156%). Finland was the only member state to record a decline in house prices over the same period (-2%).

Overall, the comparison highlights that while most European housing markets continue to experience strong growth, Cyprus is currently showing very mild price movements, suggesting a phase of market balance rather than rapid expansion.