Neapolis Property Price Index 2024Q1

The Neapolis Property Price Index for 2024 Q1 highlights a moderate increase in residential property prices, reflecting a trend of market stabilization across Cyprus. Larnaca showed the highest growth, followed by Famagusta and Pafos, while Nicosia and Limassol saw smaller gains. Year-over-year, the residential market experienced a positive rise, with notable growth in Larnaca and steady increases in Nicosia and Famagusta. Apartment prices have continued to rise consistently, while house prices have either stabilized or declined in some districts. The index suggests a continuing rising demand for apartments, potentially reflecting reduced local purchasing power for larger homes and lower demand for luxury properties.

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