Eurostat data reveals Cyprus newly constructed home prices grew by 2% in 2025, outpacing the European average as the continent-wide, decade-long housing construction boom begins to cool off significantly.

Cyprus Outpaces EU Average

Cyprus recorded a 2% increase in the prices of newly constructed residential buildings in 2025 compared with the previous year, according to data published by Eurostat, on Thursday.

According to Eurostat, the increase recorded in Cyprus was higher than the European Union average for the same year, which stood at 1.3%.

A Decade of Rising Construction Costs

Across the European Union, construction prices for new residential buildings increased by 48.2% between 2015 and 2025. The sharpest rises were recorded in recent years, with annual increases of 5.8% in 2021, 12.2% in 2022 and 6.9% in 2023.

The growth rate subsequently slowed to 2.3% in 2024 and 1.3% in 2025.

European Highs and Lows

Among the Member States for which data are available, the largest increases over the past decade were recorded in Bulgaria, where prices rose by 166.1%, followed by Hungary with 155.4% and Romania with 130.7%.

Over the same period, the smallest increases were recorded in Italy at 17.0%, Greece at 17.3% and Finland at 22.1%.

Source: CNA(ΚΥΠΕ)