Housing prices in Cyprus rose by 7.9% in the second quarter — Cyprus Mail
In Cyprus, housing prices increased by 7.9% in the second quarter of 2026 compared with the same period last year. This significantly exceeded the average figure in the European Union, where growth was 4.7%, and in the euro area, where it was 4.0%. Cyprus Mail reported this, citing data from Eurostat and the Statistical Service of Cyprus.
On a quarterly basis, between the first and second quarters of 2026, housing on the island became 2.4% more expensive. In the EU, prices rose by 1.2% over this period, and by 1.1% in the euro area.
Index reaches its highest level
Cyprus’s house price index reached 105.46 points in the second quarter. It stood at 102.95 points in the first quarter and at 97.74 points a year earlier. Annual growth accelerated compared with the first quarter of 2026, when it amounted to 3.4%.
Both new and existing homes became more expensive. The sub-index for new homes rose from 103.25 to 105.73 points, while that for homes on the secondary market increased from 102.51 to 105.10 points. The index takes into account average prices for new and existing homes, including the cost of land, and covers areas controlled by the Republic of Cyprus.
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Trends in the European Union and rents
The largest annual increases in housing prices among EU countries with available data were recorded in Portugal, at 16.5%; Bulgaria, at 15.5%; and Lithuania, at 14.3%. At the same time, prices fell by 2.7% in Finland, 2.2% in Luxembourg and 0.8% in France.
Housing prices increased year-on-year in 23 EU countries and decreased in three. The pace of annual price growth in the EU slowed from 5.5% in the third quarter of 2025 to 4.7% in the second quarter of 2026.
Rent in the EU increased by 3.0% year-on-year in the second quarter of 2026 and by 0.7% compared with the previous quarter. In Cyprus, the index of actual rental payments stood at 104.30 points in July and August, after 103.37 points in March.
