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

The Central Bank of Cyprus reported that the national Residential Property Price Index rose by 8.5% year-on-year in the second quarter of 2026, compared to a 7.5% increase in the first quarter. The general index reached 109.7 points, representing a 2.4% quarterly growth. This trend is driven by strong demand from both domestic and foreign buyers, alongside rising construction costs.

Sector-specific data shows a divergence in performance: apartment price growth slowed to 8.9% annually, while house prices accelerated to a 5.8% increase. Regionally, most provinces experienced accelerating price growth, though reports vary on the specific trajectory in Limassol. According to the Central Bank, price growth in Limassol slowed, while other sources highlight continued upward pressure across the country. Additionally, market analysis from Landbank Analytics indicates that the resale market recorded 3,202 transactions worth 727.2 million euros during the first half of 2026, confirming that the market functions as five distinct regional entities rather than a unified whole.

Industry experts and the Central Bank anticipate that prices will continue to climb over the next three months. Factors such as the rising cost of building materials, the increasing demand for mortgages, and a high volume of foreign interest—particularly in Paphos, Larnaca, and Famagusta—are expected to sustain this upward trajectory in the near future.