House prices in Europe continue to rise rapidly, according to the latest Eurostat data for the second quarter of 2025. Specifically, the average increase in the euro area reached 5.1%, while in the European Union it was 5.4% on an annual basis. Compared to the first quarter of 2025, prices rose by 1.7% in the euro area and 1.6% in the EU.
As for Cyprus, the real estate market shows a relatively stable trend. According to the latest Eurostat data for the second quarter of 2025, house prices in Cyprus do not exhibit the dramatic increases observed in other European countries. Compared to the previous quarter, Cyprus recorded a slight increase of 0.2%, following a 1.1% rise in the first quarter of 2025. On an annual basis, the increase was 1.0%, compared to 2.0% in the first quarter of 2025. The trend indicates a slight slowdown compared to previous quarters.
Regarding the other member states, the highest annual increase was recorded in Portugal (+17.2%), followed by Bulgaria (+15.5%) and Hungary (+15.1%). In contrast, only Finland recorded a decline, with a 1.3% annual decrease.
On a quarterly basis, prices decreased only in France (-0.2%) and Belgium (-0.1%), while the largest increases were observed in Portugal (+4.7%), Luxembourg (+4.5%), and Croatia (+4.4%). Eurostat notes that data for Greece is not available, and estimates for European aggregates were made using data from the Bank of Greece.