Cyprus Property Prices in 2026: Official Trends by District and Property Type
- May 4, 2025
- 2 min read
Updated: 2 days ago
Last reviewed: 30 July 2026
What do the official figures show?
Official data point to continued growth in Cyprus residential property values during the first quarter of 2026. They do not provide one reliable asking price or price per square metre for every property.
According to the Central Bank of Cyprus Residential Property Price Index, residential property values increased by 2.3% compared with the previous quarter and 7.5% compared with the first quarter of 2025.
• Apartment values increased by 2.4% quarterly and 10.8% annually.
• House values increased by 1.5% quarterly and 3.0% annually.
These are national index movements. They do not mean that every apartment increased by 10.8% or that every house increased by 3.0%.
Annual change by district
The Central Bank recorded the following annual residential price movements in Q1 2026:
• Limassol: 9.1%
• Larnaca: 8.9%
• Paphos: 6.4%
• Nicosia: 2.8%
• Government-controlled areas of Famagusta: 0.0%
A district figure should not be used to value an individual property. Prices can differ within the same district according to location, age, condition, title status, planning position, view, plot characteristics and communal facilities.
What does the CYSTAT House Price Index show?
The Cyprus Statistical Service reported that its House Price Index increased by 1.6% compared with Q4 2025 and 3.4% compared with Q1 2025.
The index for new dwellings rose from 102.06 to 103.25 between Q4 2025 and Q1 2026. The index for existing dwellings rose from 99.82 to 102.51.
The CYSTAT and Central Bank results should not be combined into one percentage. The Central Bank index is valuation-based, while the CYSTAT index is transaction-based. Their coverage, timing and methodology differ.
Market activity is not the same as price growth
There were 4,709 deposited sale contracts for all property types during Q1 2026, an increase of 13.8% from the corresponding period in 2025.
• 2,044 involved foreign purchasers, an annual increase of 22.3%.
• 2,665 involved domestic purchasers, an annual increase of 8.1%.
These figures cover deposited contracts for different property categories. They are an activity indicator, not a residential average-price measure.
How should a buyer assess the price of a property?
A buyer should consider recent comparable transactions, an independent valuation where appropriate, the title and Land Registry position, mortgages and encumbrances, planning and building approvals, age and physical condition, approved and unapproved alterations, communal expenses and planned works, transaction taxes and fees, financing costs, and precisely what is included in the sale.
A price index helps explain market direction. It is not a substitute for legal due diligence, a structural survey or an independent valuation.
How Cyprus Law Chambers can assist
We assist buyers and sellers with legal due diligence, reservation agreements, sale contracts, Land Registry searches, planning-document review, mortgage-release arrangements, contract deposit, completion and title-transfer procedures.
Our role is to identify the legal issues connected with the property and transaction. Valuation, structural and tax advice should be obtained from appropriately qualified professionals.
Official sources
Important note
This article provides general information as at 30 July 2026. It is not a valuation, investment recommendation, tax opinion or legal advice. Every property and transaction requires individual review.
