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Cyprus residential property price index (Q1 2010=100)

Cyprus

House prices in Cyprus.

The Central Bank of Cyprus publishes a residential property price index (houses and apartments) based on Cyprus banks' property evaluation data collected since 2006.

 

House prices in Cyprus, % change 1 yr

Nominal and inflation-adjusted ('real')

Cyprus

Source: Central Bank of Cyprus


Quarterly change in house prices, inflation-adjusted

 Q1Q2Q3Q4
20200.45%
20190.79%-0.14%1.06%-0.27%
20180.29%-1.83%0.34%2.04%
20170.05%1.30%0.83%0.17%
20161.20%-1.18%-0.48%-0.20%
2015-0.65%-0.66%0.65%-0.23%
2014-2.70%-2.58%-1.05%-0.49%
2013-1.57%-1.98%-1.43%-1.47%
2012-1.10%-2.61%-0.96%-1.15%
2011-1.58%-3.23%-0.50%-3.49%
2010-2.18%-1.20%-1.00%-0.87%
2009-4.39%-0.46%1.06%-0.06%
20088.36%1.12%-0.34%-1.58%
20076.44%6.73%1.65%1.78%
20064.94%1.30%5.76%

This table shows the change in house prices during a single quarter, adjusted for inflation.

Adjusting house price rises (or declines) for inflation produces a more accurate picture of the change in value of housing than the usual nominal figures cited in the newspapers.


Yearly change in house prices, nominal and inflation-adjusted

YearInflation AdjustedNominal Change
20191.43%2.15%
20180.79%2.51%
20172.37%1.77%
2016-0.69%-0.94%
2015-0.89%-1.85%
2014-6.67%-8.03%
2013-6.30%-8.46%
2012-5.71%-4.67%
2011-8.54%-4.94%
2010-5.15%-3.60%
2009-3.88%-1.91%
20087.47%9.74%
200717.53%22.12%

The yearly changes table looks at the last quarter's/month's index values for a given year and compares it with the same quarter/month of the previous year to gauge the change in house prices during that given year.


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