Cyprus residential property prices increase in Q1 2026

Data from the Central Bank of Cyprus for the first quarter of 2026 shows a 7.5% annual increase in the general residential price index. Apartment prices rose by 10.8% annually, while house prices increased by 3%. Since 2010, the national apartment price index has climbed 27%, with Limassol recording a significant 53% increase. The Central Bank attributes this trend to strong demand from both foreign and local buyers, coupled with rising construction costs, despite a gradual increase in supply. On a quarterly basis, the index grew by 2.3%, slightly lower than the 2.4% growth recorded in the final quarter of 2025. Regional annual variations show price acceleration in Nicosia at 2.8% and Larnaca at 8.9%. Conversely, Limassol and Paphos experienced a slowdown in annual price growth, reaching 9.1% and 6.4% respectively, while Famagusta saw no change compared to the fourth quarter of 2025.