Apartment prices in Cyprus rise by 10.8% in Q1 2026

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5 sourcesFirst reported 28 days agoUpdated 28 days ago

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Apartment prices in Cyprus increased by 10.8% in the first quarter of 2026.
Limassol experienced the highest annual growth rate in apartment prices at 10.7%.
Strong demand from foreign buyers is a major factor driving price increases.
Mortgage lending rose significantly, with a 24.5% year-on-year increase in Q1 2026.

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Apartment prices in Cyprus experienced a significant increase of 10.8% in the first quarter of 2026 compared to the same period in the previous year, according to data from the Central Bank of Cyprus. The rise is attributed to increasing demand, particularly from foreign buyers, and improvements in mortgage availability, which have made home purchases more accessible.

Limassol has emerged as the district with the sharpest price increase, contributing to what is described as a growing affordability crisis for middle-income households. Overall, the broader residential property price index also rose by 7.5% in the same time frame. Analysts have noted the continued upward trend in the property market, putting additional pressure on prospective buyers and current homeowners.

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Apartment prices in Cyprus rise by 10.8% in Q1 2026

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