Cyprus house prices rose by 7.9% in the second quarter of 2026 compared with a year earlier, according to a preliminary estimate from the Cyprus Statistical Service (CYStat).
The index reached 105.46 points, based on a 2025 benchmark of 100. It also rose 2.4% from the first quarter, according to CYStat’s estimate.
The latest figures show a sharp rise over the year, although the route was not steady. The index fell in Q2 2025, then rose in Q3, held almost flat in Q4, and increased in each of the first two quarters of 2026.
How the index moved quarter by quarter
| Quarter | House Price Index | Change from previous quarter | Annual change |
| Q2 2025 | 97.74 | -1.8% | +2.9% |
| Q3 2025 | 101.35 | +3.7% | +4.2% |
| Q4 2025 | 101.34 | 0.0% | +6.0% |
| Q1 2026 | 102.95 | +1.6% | +3.4% |
| Q2 2026 | 105.46 | +2.4% | +7.9% |
The index started the period at 97.74 points in Q2 2025, after a 1.8% quarterly fall. It then rebounded by 3.7% in Q3, reaching 101.35 points.
In Q4 2025, the index was virtually unchanged at 101.34 points. Despite that pause, the annual rate of growth increased to 6.0%, reflecting the comparison with the corresponding quarter a year earlier.
The index resumed its quarterly rise in 2026. It increased by 1.6% in Q1, then accelerated to 2.4% in Q2. The annual growth rate, which had eased to 3.4% in Q1, climbed to 7.9% in the latest quarter.
New and existing homes both rise in Q2
The report also tracks separate indices for new and existing homes.
| Quarter | New homes | Existing homes |
| Q2 2025 | 96.26 | 100.84 |
| Q3 2025 | 101.71 | 100.59 |
| Q4 2025 | 102.06 | 99.82 |
| Q1 2026 | 103.25 | 102.51 |
| Q2 2026 | 105.73 | 105.10 |
The new homes index rose in every quarter after Q2 2025, from 96.26 points to 105.73. The existing homes index slipped over the second half of 2025, falling from 100.84 to 99.82, before rising to 105.10 by Q2 2026.
Between Q1 and Q2 2026, the new homes index increased from 103.25 to 105.73. The existing homes index also rose, from 102.51 to 105.10.
What do the figures mean?
The national index shows that Cyprus house prices strengthened in the latest quarter and stood higher than a year earlier. However, it is a measure of overall price movement, not the cash price of a typical home. It does not break down changes by region, property type or budget.
As the Statistical Service describes the Q2 2026 estimate as preliminary, buyers and sellers should treat it as a broad market indicator, rather than a valuation for an individual property.
