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12° Nicosia,
21 April, 2025
 
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Cyprus house prices rise for 11th consecutive quarter

Property market sees 2.7% annual growth in Q3 2024, with steady demand driving increases.

Newsroom

House prices in Cyprus are on the rise again, according to the latest figures from the Statistical Service. The House Prices Index (HPI) recorded a 2.7% increase in the third quarter of 2024 compared to the same period in 2023. This marks the 11th consecutive quarter of annual growth in the property market.

The HPI for Q3 2024 now stands at 113.62 units, highlighting steady growth in the housing sector. When compared to the second quarter of 2024, house prices also saw a slight increase of 0.7%.

This ongoing upward trend reflects a resilient real estate market, with growing demand and sustained interest in property investment across the island.

TAGS
Cyprus  |  economy  |  real estate

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