Cyprus House Price Index Sees 2.7% Yearly Growth

by THEFUTURE.TEAM

January 13, 2025

Residential property prices continued their upward trend, with the House Price Index (HPI) climbing by 2.7% year-on-year in the third quarter of 2024, according to preliminary data from the Statistical Service of Cyprus (CYSTAT).

Quarter-on-quarter, the HPI recorded a modest 0.7% increase compared to the second quarter, bringing the index to 110.65, based on a 2015 reference year (2015=100).

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The HPI is a key metric for tracking changes in the average price of residential properties across Cyprus, encompassing new and existing homes. The index also factors in the value of the land associated with these properties, making it a comprehensive measure of market trends.

Data for the index and associated weights are sourced from the Department of Lands and Surveys under the Ministry of Interior. The figures cover all areas under the control of the Republic of Cyprus and are considered provisional, subject to updates as new information becomes available.

CYSTAT uses a detailed methodology to calculate the HPI, stratifying data into old and new properties and applying a rolling window hedonic regression model to determine sub-indices. These sub-indices are then weighted according to the total value of properties in each category from the previous year.

This latest update highlights the ongoing resilience of Cyprus’s residential property market, reflecting steady demand and a stable economic backdrop.

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Supply Chain Vulnerabilities And Inflation Pressures Amid Energy Instabilities

by THEFUTURE.TEAM

April 6, 2026

Rising energy costs are increasing pressure on global supply chains, affecting transportation, food production and retail pricing. Higher fuel and electricity costs are raising expenses for logistics, processing and storage, with potential spillover into consumer prices in the coming months.

Energy Supply Challenges In A Disrupted Landscape

Transport and production systems depend on a stable fuel supply and electricity availability. Recent disruptions in energy flows have not yet fully appeared in economic data but may affect supply conditions in the near term. Ongoing tensions involving Iran continue to influence energy prices, adding uncertainty for producers and distributors. Market volatility remains a key factor in cost projections.

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Inflationary Pressures On Agricultural And Processed Goods

Data from the national statistics office show rising prices across agricultural products and related goods. Cost increases are extending beyond raw inputs to livestock and processed food items. Additional pressures may emerge from earlier disruptions, including the dengue fever outbreak in Cyprus. These factors are expected to affect pricing gradually.

Divergent Trends Across Economic Sectors

Food and non-alcoholic beverage prices increased by 6.16% year-on-year in March. Housing, water, electricity, gas and fuels declined by 1.90%, while electricity and water dropped by 12.94%. Petroleum products increased by 2.26%, reflecting recent market changes. Restaurant and hotel services rose by 3.28%, education by 3.71%, and recreation by 2.94%. Personal care and related goods increased by 1.18%, while media and communications declined by 1.83%. Apparel and footwear dropped by 5.78%, and transport prices remained broadly stable with a 0.11% increase.

Outlook

Energy costs and supply conditions will continue to influence pricing across sectors. Future developments will depend on energy market stability and broader economic trends. Changes in input costs and demand levels will determine the extent of price adjustments in the coming months.

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