Number of housing completions (Absolute value) in Cyprus
Cyprus: Number of housing completions (Absolute value) was 2.7 in 2014. ▲ Rising
Latest (2014)
2.7
Change on year
down 28.9%
World rank
27th
of 27 countries
All-time high
18.2
in 2008
All-time low
2.7
in 2014
Years of data
35
1980–2014
Number of housing completions in Cyprus, 1980–2014
Source: European Central Bank.
Analysis
In 2014, number of housing completions in Cyprus stood at 2.7. That is the lowest value across all 35 years on record.
Compared with earlier readings it is down 28.9% on the previous year and down 75.5% over ten years.
Over the whole period, number of housing completions in Cyprus peaked at 18.2 in 2008 and was at its lowest, 2.7, in 2014.
Cyprus ranks 27th of 27 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 35 years of available data.
Number of housing completions (Absolute value) in Cyprus, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 9 | — |
| 1981 | 8.8 | -2.2% |
| 1982 | 8.9 | +1.1% |
| 1983 | 7.3 | -18.0% |
| 1984 | 6.3 | -13.7% |
| 1985 | 7.5 | +19.0% |
| 1986 | 7 | -6.7% |
| 1987 | 6.6 | -5.7% |
| 1988 | 7.4 | +12.1% |
| 1989 | 7.8 | +5.4% |
| 1990 | 8.1 | +3.8% |
| 1991 | 7.8 | -3.7% |
| 1992 | 7.8 | +0.0% |
| 1993 | 7.8 | +0.0% |
| 1994 | 8.4 | +7.7% |
| 1995 | 6.9 | -17.9% |
| 1996 | 7.2 | +4.3% |
| 1997 | 7.1 | -1.4% |
| 1998 | 6.6 | -7.0% |
| 1999 | 6.3 | -4.5% |
| 2000 | 5.1 | -19.0% |
| 2001 | 6.6 | +29.4% |
| 2002 | 6.1 | -7.6% |
| 2003 | 8.7 | +42.6% |
| 2004 | 11 | +26.4% |
| 2005 | 16.4 | +49.1% |
| 2006 | 16.6 | +1.2% |
| 2007 | 16.5 | -0.6% |
| 2008 | 18.2 | +10.3% |
| 2009 | 16.6 | -8.8% |
| 2010 | 13.4 | -19.3% |
| 2011 | 9.1 | -32.1% |
| 2012 | 6.6 | -27.5% |
| 2013 | 3.8 | -42.4% |
| 2014 | 2.7 | -28.9% |
Cyprus compared with similar countries
- Cyprus's 2.7 is below the median for Europe & Central Asia, which is 26.8, 10% of the median. (26 countries reporting)
- Cyprus's 2.7 is below the median for high income countries, which is 26.8, 10% of the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 7.66 | 6.3 | 9 | 10 |
| 1990s | 7.4 | 6.3 | 8.4 | 10 |
| 2000s | 12.18 | 5.1 | 18.2 | 10 |
| 2010s | 7.12 | 2.7 | 13.4 | 5 |
Countries ranked near Cyprus
More financial sector data for Cyprus
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0028 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 84.99 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0021 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 62.06 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0028 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 84.99 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is number of housing completions in Cyprus?
- Number of housing completions in Cyprus was 2.7 in 2014, according to European Central Bank.
- What is the highest number of housing completions recorded in Cyprus?
- The highest recorded value was 18.2 in 2008.
- What is the lowest number of housing completions recorded in Cyprus?
- The lowest recorded value was 2.7 in 2014.
- How does Cyprus rank for number of housing completions?
- Cyprus ranks 27th out of 27 countries with data for 2014.
- Is number of housing completions rising or falling in Cyprus?
- Over the last ten years it is down 75.5%. The long-run trend across the full record is rising.
- Where does this Cyprus data come from?
- The figures come from European Central Bank, published as part of Number of housing completions (Absolute value). Statizoid updates them automatically from the source API.
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