Nicosia, Cyprus. Apartment prices in Cyprus rose by 10.8 per cent in the first quarter of 2026 compared with the same period a year earlier, according to figures released on Tuesday by the Central Bank of Cyprus. The bank said strong demand, particularly from foreign buyers, continued to push up property values despite signs of a slight slowdown in overall house price growth.
Overall price trends
The general house price index, which covers both houses and apartments, increased by 7.5 per cent year-on-year during the first quarter. House prices rose by 3 per cent, while apartment prices recorded stronger growth.
On a quarterly basis, the overall index increased by 2.3 per cent in the first quarter of 2026, slightly below the 2.4 per cent rise recorded in the previous quarter. House prices grew by 1.5 per cent, while apartment price growth slowed to 2.4 per cent.
Long-term comparison
Based on the CBC’s reference year of 2010, apartment prices across Cyprus are now 27 per cent higher. In Limassol, apartment prices rose by 53 per cent over the same period.
Regional data
Regional data showed annual price growth accelerating in Nicosia, where the overall index rose by 2.8 per cent, and in Larnaca, where it increased by 8.9 per cent. Growth slowed in Limassol and Paphos, while Famagusta recorded no change from the previous quarter.