According to the latest data from Eurostat, housing prices in Cyprus remained unchanged in the fourth quarter of 2025 compared to the previous quarter. This is a unique situation, as in most European Union countries the cost of apartments and houses continued to rise. Across the eurozone, annual house price growth reached 5.1%, and across the EU as a whole — 5.5%. Compared to the third quarter of 2025, prices increased by 0.6% in the eurozone and by 0.8% in the EU. Cyprus, however, was among the few countries with zero quarterly growth. Only one EU country recorded a year-on-year decline — Finland, where housing prices fell by 3.1%.
Growth leaders: Hungary, Portugal, and Croatia
The most impressive annual increase in housing prices was recorded in Hungary (+21.2%). Portugal and Croatia also saw significant growth of 18.9% and 16.1%, respectively. Compared to the previous quarter, prices declined in only three countries: France, Finland, and Estonia. Cyprus stood out as the only country where prices did not change at all. The strongest quarterly growth was observed in Slovenia, Hungary, and Portugal.
Rental market in Cyprus: steady growth despite stable prices
While property purchase prices in Cyprus have stabilized, rental costs continue to rise. According to Eurostat, the rental price index in Cyprus reached 130.6 points in December 2025. For comparison, the EU average stood at 121.87. The trend shows steady growth: 130.21 in November, 130.14 in October, and 129.77 in September 2025. This indicates a gradual but consistent increase in rental rates over several consecutive months.
Pan-European trend: rents rising everywhere
In the fourth quarter of 2025, rental prices across the EU increased by 3.2% year-on-year and by 0.6% quarter-on-quarter. Over the past decade, housing costs in Europe have risen significantly. Between 2015 and the third quarter of 2025, property purchase prices in the EU grew by 64.9%, while rents increased by 21.8%. In 25 EU countries with available data, purchase prices rose faster than rents. Hungary set a record, with housing prices soaring by 290% since 2015. Prices more than doubled in 12 countries, including Portugal, Lithuania, and Bulgaria. Finland was the only country where prices declined over the same period. Meanwhile, rents increased in all 27 EU countries, with the sharpest rises recorded in Hungary, Lithuania, Ireland, and Poland.
What this means for Cyprus
Eurostat data paints an interesting picture. On one hand, buying property in Cyprus in the fourth quarter of 2025 was no more expensive than in the third — prices did not increase. This may signal market saturation or a temporary pause before a new growth cycle. On the other hand, rents continue to climb. The index of 130.6 compared to the EU average of 121.87 shows that renting in Cyprus is becoming increasingly costly. For tenants, this is bad news. For potential buyers, however, the current price stability may present a good entry opportunity, especially given that housing prices continue to rise in most EU countries. Experts recommend closely monitoring market trends: if price stability in Cyprus turns into growth in line with the broader European trend, the window of opportunity may quickly close.