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House Prices In Cyprus Edge Up 1% In Q2 Amid Steady Market Indicators

Data published by the Cyprus Statistical Service confirms that residential property values in Cyprus experienced a modest 1% year-on-year increase in the second quarter of 2025. The House Price Index reached 113.99 units, reflecting incremental growth as the market continues to evolve.

Steady Quarterly Growth

The House Price Index demonstrated a 0.2% quarter-on-quarter increase, underscoring resilience within the residential market. Though the changes are incremental, the annual gain of 1% signifies a stable trend, providing market participants with confidence in the continuity of these developments.

Robust Methodological Approach

The index methodology is both comprehensive and precise. It captures price changes for both new and existing residential properties, including the land component of the real estate. By employing a rolling window hedonic regression model for separate dwelling groups, and subsequently weighting them based on the previous year’s property values, Cystat ensures that the index reflects a balanced and accurate portrayal of the market. The base year is set at 2015, when the index was calibrated at 100 units.

Comprehensive National Coverage

The collected data, sourced in part from the Department of Lands and Surveys, cover all areas under the jurisdiction of the Republic of Cyprus. This extensive scope offers valuable insights for policy makers, investors, and analysts who depend on reliable indicators to assess market dynamics in a challenging global economic environment.

EU Moderates Emissions While Sustaining Economic Momentum

The European Union witnessed a modest decline in greenhouse gas emissions in the second quarter of 2025, as reported by Eurostat. Emissions across the EU registered at 772 million tonnes of CO₂-equivalents, marking a 0.4 percent reduction from 775 million tonnes in the same period of 2024. Concurrently, the EU’s gross domestic product rose by 1.3 percent, reinforcing the ongoing decoupling between economic growth and environmental impact.

Sector-By-Sector Performance

Within the broader statistics on emissions by economic activity, the energy sector—specifically electricity, gas, steam, and air conditioning supply—experienced the most significant drop, declining by 2.9 percent. In comparison, the manufacturing sector and transportation and storage both achieved a 0.4 percent reduction. However, household emissions bucked the trend, increasing by 1.0 percent over the same period.

National Highlights And Notable Exceptions

Among EU member states, 12 reported a reduction in emissions, while 14 saw increases, and Estonia’s figures remained static. Notably, Slovenia, the Netherlands, and Finland recorded the most pronounced declines at 8.6 percent, 5.9 percent, and 4.2 percent respectively. Of the 12 countries reducing emissions, three—Finland, Germany, and Luxembourg—also experienced a contraction in GDP growth.

Dual Achievement: Environmental And Economic Goals

In an encouraging development, nine member states, including Cyprus, managed to lower their emissions while maintaining economic expansion. This dual achievement—reducing environmental impact while fostering economic activity—is a trend that has increasingly influenced EU climate policies. Other nations that successfully balanced these outcomes include Austria, Denmark, France, Italy, the Netherlands, Romania, Slovenia, and Sweden.

Conclusion

As the EU continues to navigate its climate commitments, these quarterly insights underscore a gradual yet significant shift toward balancing emissions reductions with robust economic growth. The evolving landscape highlights the critical need for sustainable strategies that not only mitigate environmental risks but also invigorate economic resilience.

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