Anyone planning to build or renovate a property in Cyprus is facing higher costs once again, as construction material prices continued to become more expensive in June 2026.
The latest figures from the Cyprus Statistical Service (CySTAT) show that the Construction Materials Price Index reached 122.74 points in June 2026 (base year 2021=100), representing an annual increase of 3.12%. The data highlight broad-based price growth, with every major category of construction materials recording year-on-year increases.
Metal products record the sharpest annual increase
Metal products saw the strongest annual price growth, rising by 5.02% compared with June 2025.
They were followed by wood products, insulation materials, chemicals and plastics, which collectively recorded an increase of 4.07%.
Elsewhere, electromechanical equipment rose by 2.99%, minerals increased by 2.49%, while mineral products posted a more modest rise of 0.61%.
The latest figures suggest that inflationary pressures remain widespread across the construction sector, adding further costs for developers, contractors and homeowners undertaking renovation projects.
Aluminium and plastics post the biggest category gains
A closer look at the data reveals notable differences between individual product groups.
Within the minerals category:
- Aggregates increased by 1.56%
- Cement materials rose by 3.82%
- Stone products climbed by 1.30%
Among mineral products, cement-based products recorded a 0.79% increase, while ceramic products were virtually unchanged, edging up by just 0.01%.
In the wood, insulation, chemicals and plastics category:
- Wood products increased by 4.38%
- Insulation materials rose by 1.16%
- Chemical products gained 2.64%
- Plastic products jumped 6.53%
Meanwhile, metal products continued to experience significant price pressures. Iron and steel products increased by 3.76%, while aluminium and other metal products surged 7.56%—the largest annual increase recorded among all individual sub-categories.
Mixed picture for electromechanical equipment
Price movements within electromechanical products were more varied.
Electrical equipment recorded a substantial 6.23% increase, while heating and cooling equipment was the only category to decline, falling 1.67% over the year.
Other electromechanical products rose by 2.77%.
First-half figures point to continued cost inflation
For the January to June 2026 period, the overall Construction Materials Price Index increased by 1.62% compared with the corresponding period of 2025.
By main product category, the largest increases during the first half of the year were recorded in:
- Electromechanical equipment (2.59%)
- Wood products, insulation, chemicals and plastics (2.27%)
- Minerals (1.89%)
- Metal products (1.78%)
- Mineral products (0.30%)
The continued rise in construction material prices is expected to maintain upward pressure on the cost of new developments and refurbishment projects across Cyprus, with higher input costs likely to remain a key challenge for the property and construction sectors throughout 2026.
