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22 May, 2024
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Cyprus house prices on the rise, HPI increases 5.9%

Statistical service of Cyprus reports strong housing market performance

Newsroom / CNA

House Price Index (HPI) recorded a 5.9% increase for the first quarter of 2023, marking its fifth consecutive quarterly growth compared to the same period in 2022, according to a preliminary estimate by the Statistical Service of Cyprus.

Specifically, the Housing Price Index (HPI) for the first quarter of 2023 stands at 110.14 units. This marks the fifth consecutive quarterly increase of the Index on an annual basis. The last decrease in the Index was observed in the fourth quarter of 2021, with a decline of 5.2%.

Compared to the fourth quarter of 2022, the HPI increased by 2.0% following a 4% decrease in the fourth quarter of 2022, compared to the third quarter of the same year.

Cyprus  |  houses  |  estate  |  rise

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