Cyprus real estate prices rise 8.5% annually amid foreign buyer demand

Real estate professionals in Cyprus anticipate further price increases in the coming quarter, following an 8.5% annual rise in housing prices. According to the Central Bank of Cyprus's House Price Index for the second quarter of 2026, the general index for houses and apartments rose by 2.4% compared to the previous quarter.

On an annual basis, prices increased by 8.5% compared to the second quarter of 2025. Regional data shows that Famagusta experienced the highest annual increase at 10.0%, followed by Larnaca at 9.8%, Paphos at 9.6%, Limassol at 7.8%, and Nicosia at 5.7%.

Foreign investors play a significant role in the market, particularly in certain regions. In Paphos, foreign nationals account for 66% of all purchases, while in Larnaca, they represent nearly 50% of the market. Total property sales documents reached 5,298 in the second quarter of 2026, marking a 15.4% increase from the same period in 2025.