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Cyprus house prices up

House prices in Cyprus rose by 2.8 per cent in the fourth quarter of 2016 compared with the fourth quarter in 2015 according to the House Price Index published earlier today by Eurostat.

cyprus house prices

House prices – annual rate of change for the euro area and the EU (%)

HOUSE PRICES, as measured by the House Price Index, rose 3.1% in Cyprus in the fourth of 2016 by compared with the previous quarter and by 2.8% compared with the fourth quarter of 2015.

The figures come from the statistics published by Eurostat, the statistical office of the European Union.

In the EU as a whole, the House Price Index rose 4.7% in the fourth quarter of 2016 compared with the same quarter of 2015 and by 4.1% in the Euro area.

Among the Member States for which data are available, the highest annual increases in house prices in the fourth quarter of 2016 were recorded in the Czech Republic (+11.0%), Hungary (+9.7%) and Lithuania (+9.5%), while prices remained nearly stable in Italy (+0.1%).

Compared with the previous quarter, the highest increases were recorded in Malta (+6.0%), the Czech Republic (+4.7%), the Netherlands (+3.2%) and Cyprus (+3.1%), and the largest decreases in Denmark (-1.5%), Croatia (-0.6%) and Belgium (-0.4%).

Further reading

Eurostat news release 59/2017 – 7 April 2017

Readers' comments

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  • sky says:

    I wonder where they get their figures…CBC real estate index has never ceased decreasing since 2008, and when on looks at this chart, it looks like they’re increasing since 2012…

    Ed: I’ve added a caption to the graphic that should make things clearer. Full details in the Eurostat news release.

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