Cyprus house prices surge 7.9% in Q2 2026, outpacing EU average
Cyprus saw a remarkable 7.9% year-on-year rise in house prices during the second quarter of 2026, significantly exceeding the 4.7% average across the European Union. According to data from Eurostat and Cyprus Statistical Service (Cystat), the island’s housing market exhibited continued momentum with a 2.4% quarterly increase, the strongest among EU countries.
The House Price Index for Cyprus reached 105.46 points in Q2 2026, up from 102.95 in the first quarter, with both new and existing homes contributing to the growth. This marks a sharp acceleration from earlier quarters and positions Cyprus among the EU nations experiencing robust real estate price increases. The rise contrasts with a moderate slowing of house price growth across the euro area and EU.
In addition, rental costs across the EU increased by 3.0% year-on-year, with Cyprus maintaining elevated rents throughout 2026. The combination of rising purchase prices and rents highlights ongoing upward pressure on housing affordability on the island, underscoring Cyprus’s dynamic but increasingly costly residential property market.
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