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Cyprus Housing Prices Rise As Building Permits Increase

by THEFUTURE.TEAM

Cyprus’ real estate market is experiencing a robust surge as new home supply expands and building permits soar. Strong domestic and international demand, coupled with favorable credit conditions, has driven an accelerated increase in house prices, according to the Central Bank of Cyprus.

Market Overview And Quarterly Trends

In the fourth quarter of 2025, the Central Bank noted a significant rise in the general House Price Index (HPI), which increased 2.3% quarter-on-quarter compared to 1.2% in the previous quarter. This uptick is attributed to solid buyer interest and a gradual expansion in housing supply, even as construction costs remain historically high.

Regional Variations And Price Dynamics

Price growth differed across districts. Nicosia recorded a 1% increase following a previous decline, while Limassol and Larnaca posted increases of 9.9% and 8.3%, respectively. Apartment prices increased in most regions, rising by 3% in Nicosia, 9.3% in Limassol, 12.2% in Larnaca, and 13.6% in Paphos. Famagusta recorded a slight decline in apartment prices.

Bolstered Mortgage Lending And Investment Activity

Mortgage lending figures further underscore market vitality, with net new housing loans rising by 23.1% in 2025. The reduction in the weighted average interest rate to 3.12% in December, influenced by the European Central Bank’s gradual easing since mid-2024, has further energized credit expansion. Domestic transactions have grown appreciably, while foreign investments surged by 23.9%, reflecting the market’s international appeal.

Supply-Side Developments And Industry Outlook

The number of building permits for residential units increased by 36.1% between January and November 2025, indicating a medium-term expansion in housing supply. Despite ongoing pressures such as labor shortages and elevated construction costs amid a challenging global supply chain, market indicators remain resilient, with continued positive trends in construction activity and material pricing.

Conclusion

The Cyprus housing market is set on a trajectory of sustained growth, driven by firm buyer demand and strategic credit policies. As domestic and foreign investments continue to pour in and supply-side measures take effect, the island nation’s property sector appears well-positioned for further expansion in the coming months.

Cyprus Expected Working Life Reaches 39.5 Years, Above EU Average

by THEFUTURE.TEAM

People in Cyprus are expected to spend 39.5 years in the workforce, around two years longer than the European Union average of 37.5 years, according to the latest Eurostat data for 2025.

The figure places Cyprus among the EU countries with the longest expected working lives.

Cyprus Ranks Above EU Average

Only a handful of member states recorded higher figures than Cyprus. The Netherlands topped the ranking at 44 years, followed by Sweden at 43.4 years, Denmark at 42.6 years, and Estonia at 41.5 years.

At the other end of the ranking were Romania with 32.7 years, Italy with 33.0 years, Bulgaria with 34.6 years and Greece with 35.3 years.

Gender Gap Remains Wider Than EU Average

Men in Cyprus are expected to remain in work for 42.1 years, compared with 36.7 years for women. The gap of 5.4 years exceeds the EU average gender gap of 4.1 years.

Across the bloc, Lithuania, Latvia and Estonia were the only countries where women were expected to spend longer in employment than men. Finland recorded the smallest positive gender gap at 0.7 years.

Italy posted the widest gap at 8.9 years, followed by Romania at 6.9 years, Greece at 6.7 years and Malta at 6.3 years.

Working Lives Continue To Lengthen

Between 2016 and 2025, expected working life in Cyprus increased by 3.5 years, placing the country among the strongest performers in the EU over the period. Men’s expected working life rose by 3.3 years, while women’s increased by 3.6 years.

Across the EU, every member state recorded an increase. Malta posted the largest gain at 4.9 years, followed by Hungary and Ireland at 4.2 years each, and the Netherlands at 4.1 years.

Malta’s increase was driven largely by women, whose expected working life rose by 7.8 years, the biggest increase recorded across the bloc.

By comparison, Romania, Spain, Italy, Germany and Austria recorded gains of two years or less over the same period.

Women’s Working Lives Increase Faster Across Europe

Women’s expected working life increased faster than men’s in most EU countries. Denmark, Romania, Sweden and Greece were the main exceptions.

In Cyprus, gains for men and women were broadly similar, alongside Bulgaria, Belgium and Slovenia.

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