Cyprus property prices have smashed through previous peaks, with the apartment price index reaching its highest level on record in the fourth quarter of 2025, exceeding the previous record set in 2008, just before the property bubble burst. At a time when the European Union has warned of a mounting “social crisis” in housing, the cost of buying a home in Cyprus continues to spiral, with growing numbers of young people in particular, finding themselves priced out of the market. A combination of limited housing supply, improved earnings in some sectors and strong demand from overseas investors has fuelled the surge in property prices.