Construction material prices in Cyprus continue to rise

The Statistical Service of Cyprus reported on October 19, 2026, that construction material prices saw a consistent upward trend in September. The official price index reached 123.41 units, reflecting a 0.26% increase compared to August 2026 and a 3.74% rise on an annual basis. Throughout the first nine months of 2026, the index showed an overall increase of 2.24% compared to the same period in 2025.

Key drivers of this inflation include significant price hikes in metallic products, which saw an annual increase of 5.28%. Other categories contributing to the rising costs include wood, insulation, chemical and plastic products at 5.06%, and electromechanical equipment at 4.08%. Mineral products and other related construction goods also experienced moderate growth.

Industry analysts indicate that rising energy costs are primarily exerting upward pressure on these materials, leading to higher overall construction and development expenses across the island. While there were some reports of price decreases in specific heating and cooling equipment sectors, the general trend remains inflationary, impacting the broader real estate and infrastructure market.