We are proud to present the 6th edition of the Neapolis Property Price Index (NPPI), an ongoing initiative by the Department of Real Estate at Neapolis University Pafos. The purpose is to provide a reliable, data-driven snapshot of the Cypriot real estate market, offering valuable insights to all market participants.
Currently, the NPPI covers the entire residential market, including all houses and apartments across all districts of Cyprus. It analyzes price trends based on a dataset of over 100,000 housing units (new and resale) from 2012 to the latest edition.
The NPPI is designed to be an impartial, credible, and up-to-date source of information, based on actual property transaction data and supported by a rigorous statistical methodology. By analyzing real transactions through robust statistical methods, the index effectively captures price trends that reflect true market dynamics. We are confident that our data-driven approach minimizes biases and ensures reliability of results.
Academically, the NPPI is an essential educational tool in fields like real estate economics and property valuation. It offers our students a unique opportunity to gain hands-on experience in data analytics, statistics and market analysis, bridging the gap between theory and practice.
This latest edition, covering the 2nd quarter of 2024 (2024Q2), reaffirms our commitment to refining and expanding market understanding. Each edition begins with indexed price trends, followed by a comprehensive analysis of the underlying database to support the index results and enhance transparency.
On behalf of the Department of Real Estate, Neapolis University Pafos,
Dr. Thomas Dimopoulos
Assistant Professor, Head of RE Dept
Neapolis University Pafos
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