{"id":119564,"date":"2025-10-18T12:10:36","date_gmt":"2025-10-18T09:10:36","guid":{"rendered":"https:\/\/www.lamaisonestates.com\/?p=119564"},"modified":"2025-10-18T12:10:36","modified_gmt":"2025-10-18T09:10:36","slug":"apartment-boom-drives-cyprus-property-market-in-q2-as-demand-surges-16","status":"publish","type":"post","link":"https:\/\/lamaisonestates.com\/ru\/apartment-boom-drives-cyprus-property-market-in-q2-as-demand-surges-16\/","title":{"rendered":"Apartment Boom Drives Cyprus Property Market in Q2 as Demand Surges 16%"},"content":{"rendered":"<p>The Cypriot residential property market continued its upward trend in the second quarter of 2025, with prices rising 4.7% annually. This growth was fueled almost entirely by a boom in apartment prices, which masked a significant slowdown in the market for houses, according to data released Friday by the Central Bank of Cyprus.<\/p>\n<h2>The Engine of Growth: Surging Demand<\/h2>\n<p>The Central Bank&#8217;s report highlights that real estate demand was exceptionally strong in Q2 2025. Data from the Department of Lands and Surveys (DLS) showed that total property sale contracts surged by 16.1% compared to the same period last year.<\/p>\n<p>This robust demand was recorded from both market segments:<\/p>\n<ul>\n<li>Domestic Buyers: Sales to Cypriots increased by 15.1%.<\/li>\n<li>Foreign Buyers: Sales to international clients rose by 17.8%.<\/li>\n<\/ul>\n<p>Limassol recorded the highest number of transactions (1,430), while in Paphos, foreign buyers dominated the market, accounting for 60% of all sales.<\/p>\n<h2>A Financial Catalyst: Cheaper Mortgages<\/h2>\n<p>This surge in market activity was significantly supported by more attractive financing conditions. The Central Bank noted that the average mortgage rate decreased to 3.85% in the second quarter, down from 4.58% in the same period of 2024.<\/p>\n<p>This drop in borrowing costs, coupled with increased interest in obtaining loans, led to a 22.2% annual increase in the volume of new housing loans issued.<\/p>\n<h2>A Market of Two Tiers: Apartments vs. Houses<\/h2>\n<p>The 4.7% headline figure conceals a stark divergence between property types. The market&#8217;s growth is being driven by apartments, while the house market has cooled considerably.<\/p>\n<ul>\n<li>Apartment Prices: Recorded an accelerating annual increase of 5.3% and a strong quarterly jump of 3.1%.<\/li>\n<li>House Prices: Showed a much slower annual increase of 3.4% and a quarterly decline of -0.1%, indicating stagnation.<\/li>\n<\/ul>\n<h2>Regional Hotspots and Cool Downs<\/h2>\n<p>This split was also reflected across the island&#8217;s districts. Limassol was the only district to see its overall growth rate accelerate (up 6.8%).<\/p>\n<p>In Nicosia, the market for houses saw a 1.6% annual decrease for the third consecutive quarter. In contrast, apartment prices in Larnaca and Limassol accelerated, rising by 8.2% and 4.8% respectively.<\/p>\n<h2>The Supply Response and Future Outlook<\/h2>\n<p>The construction industry is responding to the high demand. The number of residential units covered by building permits increased by 12.1% in the first four months of 2025, suggesting a gradual increase in housing supply is on the way.<\/p>\n<p>Despite this, the Construction Materials Price Index remains at historically high levels. Looking ahead, the European Commission\u2019s economic sentiment survey indicates that a smaller share of respondents expect property price increases in the next three months, suggesting a potential stabilization.<\/p>\n<p><i>Source: S<\/i><i>tockwatch.com.cy<\/i><\/p>","protected":false},"excerpt":{"rendered":"<p>The Cypriot residential property market continued its upward trend in the second quarter of 2025, with prices rising 4.7% annually. This growth was fueled almost entirely by a boom in apartment prices, which masked a significant slowdown in the market for houses, according to data released Friday by the Central Bank of Cyprus. The Engine [&hellip;]<\/p>","protected":false},"author":9,"featured_media":119565,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/lamaisonestates.com\/ru\/wp-json\/wp\/v2\/posts\/119564"}],"collection":[{"href":"https:\/\/lamaisonestates.com\/ru\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lamaisonestates.com\/ru\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lamaisonestates.com\/ru\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/lamaisonestates.com\/ru\/wp-json\/wp\/v2\/comments?post=119564"}],"version-history":[{"count":1,"href":"https:\/\/lamaisonestates.com\/ru\/wp-json\/wp\/v2\/posts\/119564\/revisions"}],"predecessor-version":[{"id":119566,"href":"https:\/\/lamaisonestates.com\/ru\/wp-json\/wp\/v2\/posts\/119564\/revisions\/119566"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lamaisonestates.com\/ru\/wp-json\/wp\/v2\/media\/119565"}],"wp:attachment":[{"href":"https:\/\/lamaisonestates.com\/ru\/wp-json\/wp\/v2\/media?parent=119564"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lamaisonestates.com\/ru\/wp-json\/wp\/v2\/categories?post=119564"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lamaisonestates.com\/ru\/wp-json\/wp\/v2\/tags?post=119564"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}