The Housing Price Index (HPI) in Cyprus rose by 2.7 per cent in the third quarter of 2024, compared to the same period in 2023, marking the eleventh consecutive quarter of annual growth.

This represents the largest year-on-year increase since the third quarter of 2023, according to preliminary estimates from the Cyprus Statistical Service (Cystat).

In the third quarter of 2024, the HPI reached a calculated value of 113.62 points.

On a quarterly basis, the index increased by 0.7 per cent compared to the second quarter of 2024, extending its streak of quarterly growth to three consecutive quarters.