Neapolis Property Price Index 2023Q4

The Neapolis Property Price Index for 2023Q4 indicates a trend towards stabilization in the Cypriot residential property market, with moderate overall growth. Larnaca shows the most significant increases both quarterly and yearly, while Famagusta, Nicosia, and Pafos also display positive trends. Limassol exhibits minimal quarterly growth and a slight y-o-y decline, impacting the overall market averages.

House prices are facing downward adjustments indicating signs of price corrections, especially in the high-end segment. Conversely, apartment prices are rising, pointing to a shift in demand towards more affordable housing options.

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