Nicosia, Cyprus. Construction prices for new residential buildings in Cyprus reached their highest level on record in 2025, according to new Eurostat data. The figures reflect a broader increase in building costs across the European Union over the past decade.
Eurostat publication
The figures were published in the 2026 edition of Eurostat’s Key Figures on European Business, which compiles data on business activity, investment, productivity, technology, globalisation and tourism across the bloc.
What the indicator measures
The data focused on the producer price index for the construction of new residential buildings, excluding communal residences. The indicator measures construction prices from the perspective of builders and is based on the prices paid by clients to contractors.
Cyprus index level in 2025
In Cyprus, the index reached 118.0 points in 2025, up from the base level of 100 points in 2021. This indicates that the cost of constructing new residential buildings in Cyprus increased by approximately 18 per cent over the four-year period.
Price trend before and after the pandemic
The data show that construction costs in Cyprus were relatively stable in the years preceding the pandemic before gradually edging higher. The index stood at 90.2 points in 2015, slipped slightly to 89.5 points in 2016 and remained broadly steady at 89.6 points in 2017.
It then rose modestly to 90.7 points in 2018 and 92.7 points in 2019, before increasing further to 92.9 points in 2020. According to the figures, the period after 2020 marked a clear break from this prolonged phase of subdued pricing, with a sharp acceleration in costs from 2021 onwards.