Cyprus house price growth accelerates to 7.9% in second quarter of 2026
Preliminary Cystat figures show house prices rose 2.4% from the previous quarter, with increases for both new and existing dwellings.
Nicosia, Cyprus. Cyprus’ house prices rose 7.9% year on year in the second quarter of 2026, up from 3.4% annual growth in the previous quarter, preliminary figures released by the statistical service, Cystat, showed on Wednesday. Prices increased 2.4% from the first quarter.
Overall price trends
The House Price Index reached 105.46 points in the second quarter of 2026, compared with 102.95 in the first quarter.
Annual growth was 2.9% in the second quarter of 2025, 4.2% in the third and 6% in the fourth, before slowing to 3.4% in the first quarter of 2026 and accelerating to 7.9% in the second.
Quarter on quarter, the index fell 1.8% in the second quarter of 2025, rose 3.7% in the third, was unchanged in the fourth and increased 1.6% in the first quarter of 2026, followed by a 2.4% rise in the second. Index readings over those five quarters were 97.74, 101.35, 101.34, 102.95 and 105.46, respectively.
New and existing dwellings
The sub-index for new dwellings rose to 105.73 in the second quarter of 2026 from 103.25 in the first. It stood at 96.26 in the second quarter of 2025, 101.71 in the third and 102.06 in the fourth.
The sub-index for existing dwellings increased to 105.10 from 102.51 in the first quarter of 2026. It stood at 100.84 in the second quarter of 2025, 100.59 in the third and 99.82 in the fourth.
Cystat said the index measures changes in the average price of residential property, covering new and existing dwellings and including the land component.
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