Cyprus house prices rise 7.9% in second quarter of 2026, outpacing EU average

Nicosia, Cyprus. House prices in Cyprus rose 7.9 per cent year-on-year in the second quarter of 2026, significantly exceeding the EU average, according to Eurostat and the Cyprus Statistical Service (Cystat). The figures reflected renewed momentum in the island’s housing market.

Annual and quarterly growth exceed EU levels

The annual increase, measured against the second quarter of 2025, compared with rises of 4.7 per cent across the EU and 4.0 per cent in the euro area.

Cyprus also recorded stronger quarterly growth. House prices rose 2.4 per cent between the first and second quarters of 2026, compared with increases of 1.2 per cent in the EU and 1.1 per cent in the euro area.

Cystat’s latest figures showed that Cyprus’ House Price Index reached 105.46 points in the second quarter, up from 102.95 in the first quarter and 97.74 a year earlier.

Annual growth accelerates

The 7.9 per cent annual increase marked a sharp acceleration from the 3.4 per cent recorded in the first quarter of 2026.

Annual house price growth had stood at 2.9 per cent in the second quarter of 2025, before rising to 4.2 per cent in the third quarter and 6.0 per cent in the fourth.

The latest figures placed Cyprus among EU housing markets experiencing relatively strong annual price growth.

Price increases recorded in 23 EU countries

Among EU countries with available data, Eurostat recorded the highest annual increase in Portugal, where house prices rose 16.5 per cent. Bulgaria followed with an increase of 15.5 per cent, while Lithuania recorded growth of 14.3 per cent.

House prices fell by 2.7 per cent in Finland, 2.2 per cent in Luxembourg and 0.8 per cent in France.

Overall, 23 EU countries recorded annual house price increases, while three reported declines.