Cyprus home prices climb 8.5% as foreign demand pushes market higher

Residential property prices in Cyprus rose 8.5% year-on-year in the second quarter of 2026, with the Central Bank's Residential Property Price Index reaching 109.7 after a 2.4% quarterly increase. The bank attributed the rise mainly to strong foreign buyer demand, followed by local demand, and to continuing construction costs. Apartments led with an 8.9% annual gain, while house prices rose 5.8%. Famagusta recorded the sharpest district increase at 10%, followed by Larnaca at 9.8%, Paphos at 9.6% and Limassol at 7.8%.