Cyprus construction material prices increase by 2.62% in May 2026

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4 sourcesFirst reported 1 month agoUpdated 1 month ago

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Construction material prices in Cyprus rose 2.62% in May 2026, according to Cystat.
The Price Index reached 122.07 points (2021=100), marking a 1.16% monthly increase.
Metal products saw the largest annual increase at 4.31%, followed by wood and plastic items.
Overall, the trend indicates ongoing rising costs in the construction sector.

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Construction costs in Cyprus have continued to rise, as reported by the Statistical Service of Cyprus (Cystat). In May 2026, the Price Index of Construction Materials reached 122.07 points, reflecting a 2.62% increase compared to the previous month, April 2026. The rising costs are attributed to significant price hikes in essential materials, including metals, wood, and electromechanical products.

Furthermore, data for the period from January to May 2026 indicate an overall rise of 1.32% in construction material prices. This trend highlights ongoing challenges within the construction sector on the island, as industry stakeholders adapt to these increasingly expensive inputs. The consistent price growth underscores concerns about the potential impact on new building projects and the broader economic landscape in Cyprus.

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Cyprus construction material prices increase by 2.62% in May 2026

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