Axia Valuers

Neapolis Property Price Index Q2 2023

Dwelling Prices QoQ
The quarterly changes in prices between 2023Q2 to 2023Q1, considering the overall residential market (houses and apartments) are showing a minor increase of +0.3%, suggesting a rather stabilization trend across Cyprus. Slow growth was noted in Larnaca and Nicosia, registering +1% and +0.5% respectively. Pafos and Famagusta also experienced insignificant increases both at +0.1%, with a slight decline in Limassol of -0.2%.

Dwelling Prices YoY
Year-over-year (2023Q2–2022Q2), the residential property market in Cyprus experienced a moderate yet positive upswing, recording an overall increase of +1.5%. All districts, except for Limassol, saw an upward trend, with the highest YoY percentage change recorded in Larnaca at a +2.8%. Following by Nicosia and Pafos, exhibiting a +2% and +1.9% increase, respectively. Famagusta at +0.6% and Limassol with a negligible -0.3% fall.

You can find the index publication at the following link

The publication here

The data series here