Cyprus residential property prices rise by 8.5% in second quarter of 2026

The Central Bank of Cyprus reported that the general Residential Property Price Index reached 109.7 points in the second quarter of 2026, marking an annual increase of 8.5%. This growth, which represents an acceleration from the 7.5% annual increase observed in the first quarter, is attributed to sustained strong demand from both foreign and domestic buyers, alongside rising construction costs.

Data indicates a divergence in property types: apartment price growth decelerated to 8.9% from 10.8% in the previous quarter, while house price inflation accelerated to 5.8% from 3%. Geographically, price trends varied across districts. While most districts saw an acceleration in property price growth, reports from local media provide conflicting details regarding specific district percentages, with some sources noting a deceleration in Limassol while others highlight varying acceleration rates across the country.

This upward trend reflects ongoing market pressures within the Cypriot real estate sector. The Central Bank of Cyprus continues to monitor these fluctuations, as the increase in property prices coincides with heightened activity in land registry documents and transaction volumes, suggesting continued buyer interest despite the escalating costs of construction and acquisition.