Cyprus Residential Property Prices Rise 8.5%: Q2 2026 Results

Article date: 26 September 2026. Reporting period: April–June 2026.

Residential property prices in Cyprus continued to rise: the overall index increased by 8.5% year on year in the second quarter of 2026 and by 2.4% compared with the first quarter. These figures were reported by Cyprus Mail based on the latest Central Bank of Cyprus report.

The CBC released the quarterly report on 24 September 2026. It provides a reason to update property comparisons and budgets, but not to automatically increase every apartment’s valuation by the headline growth rate.

Sources: Central Bank of Cyprus announcement of the report’s release ; Cyprus Mail — reported numerical results .

How prices changed by district

According to the figures published by Cyprus Mail, annual changes in the overall residential property price index were:

• Famagusta: +10.0%.
• Larnaca: +9.8%.
• Paphos: +9.6%.
• Limassol: +7.8%.
• Nicosia: +5.7%.

These are district-level figures, not neighbourhood-level measurements, and they cover residential property overall. They should not automatically be read as growth rates for apartments alone or for new developments only.

Source for district figures: Cyprus Mail, 24 September 2026 .

What does the Central Bank’s index measure?

The Residential Property Price Index, or RPPI, is calculated using property valuations supplied through participating credit institutions. The underlying valuations are prepared by independent valuers for purposes including housing loans.

The index covers houses and apartments in areas under the effective control of the Republic of Cyprus. References to Famagusta district relate to the territory covered by the study.

The RPPI tracks changes in assessed property values under the CBC’s methodology. It is not an average asking price, a price per square metre or an individual valuation of a particular property.

Source: Central Bank of Cyprus — RPPI coverage and methodology .

Annual and quarterly growth: why the distinction matters

The annual change compares the second quarter of 2026 with the second quarter of 2025. The quarterly change compares it with the first three months of 2026. These are different comparison periods.

What does this mean for buyers?

The following is our editorial interpretation, not a Central Bank forecast. Aggregate statistics help identify the market’s direction, but a purchase decision requires comparisons between specific alternatives.

Review whether your budget is still realistic

If you paused your search, update your shortlist of available properties. Check what your budget can buy in your preferred location today, accounting for condition, floor area, documentation and the full transaction cost.

Compare similar market segments

An apartment in a new development and a resale property needing renovation may fit your budget in different ways. District-level statistics do not explain every difference between these options.

Keep room to discuss the terms

A rising index does not establish that every asking price is justified. Comparable properties, inspection findings and a clear budget for necessary work provide a more useful basis for negotiation.

What does this mean for sellers?

The new report provides context when discussing an asking price. However, adding the index’s growth rate to last year’s listing price is not enough to establish a property’s current value.

Buyers compare your property with the alternatives available to them. Documentation, building condition, running costs, included items and handover dates all influence their decision. Make these characteristics clear in the listing.

Should buyers rush to purchase?

A single quarterly report does not justify promising further growth or an imminent decline. If buying a home, assess the purchase against your needs and your ability to afford ongoing ownership.

For an investment, calculate rental receipts, expenses, vacancy and financing costs separately. A change in the property price index is not a rental yield and does not guarantee a profit on resale.

This article is based on information available on 26 September 2026. Numerical results are drawn from Cyprus Mail’s coverage of the CBC’s Q2 2026 report. Editorial comments are not an individual property valuation or a forecast of investment returns.