Cyprus: ?ew housing construction prices in Cyprus increased by 2% in 2025 compared to the previous year, as reported by Eurostat on Thursday.
According to Cyprus News Agency, the increase in Cyprus surpassed the European Union average for the same period, which was 1.3%. Across the EU, construction prices for new residential buildings rose by 48.2% from 2015 to 2025. The most significant increases occurred in recent years, with annual growth rates of 5.8% in 2021, 12.2% in 2022, and 6.9% in 2023. The growth rate then slowed to 2.3% in 2024 and 1.3% in 2025.
Among EU Member States, Bulgaria saw the largest price increases over the past decade, with a rise of 166.1%, followed by Hungary at 155.4% and Romania at 130.7%. In contrast, Italy, Greece, and Finland experienced the smallest increases, with 17.0%, 17.3%, and 22.1% respectively.