Residential real estate values across Cyprus accelerated during the second quarter of 2026, climbing 7.9% year-on-year, according to preliminary figures issued by the Statistical Service of the Republic of Cyprus (CYStat).
The national House Price Index reached 105.46 points (benchmarked against a 2025 base of 100), marking a 2.4% expansion over the first quarter of the year.
Quarterly Evolution of the House Price Index (Q2 2025 – Q2 2026)
Following a brief dip in mid-2025, residential price trajectory across the island displayed sustained quarterly gains throughout the first half of 2026:
| Period | Index Level (Base 2025=100) | Quarterly Shift (%) | Annual Shift (%) | Market Context |
| Q2 2025 | 97.74 | -1.8% | +2.9% | Temporary quarterly correction |
| Q3 2025 | 101.35 | +3.7% | +4.2% | Sharp rebound in market values |
| Q4 2025 | 101.34 | 0.0% | +6.0% | Flat quarterly change; steady YoY gain |
| Q1 2026 | 102.95 | +1.6% | +3.4% | Growth momentum resumes |
| Q2 2026 | 105.46 | +2.4% | +7.9% | Accelerated expansion across segments |
Segment Analysis: New vs. Existing Homes
Both primary and secondary residential markets expanded in Q2 2026, though new construction maintained a more consistent growth trajectory over the trailing five-quarter period.
| Period | New Homes Sub-Index | Existing Homes Sub-Index | Market Dynamics |
| Q2 2025 | 96.26 | 100.84 | Existing properties led baseline index value |
| Q3 2025 | 101.71 | 100.59 | New construction surged past 100-point mark |
| Q4 2025 | 102.06 | 99.82 | Slight dip in resale values; steady new build growth |
| Q1 2026 | 103.25 | 102.51 | Strong rebound in existing property demand |
| Q2 2026 | 105.73 (+2.4% QoQ) | 105.10 (+2.5% QoQ) | Synchronized acceleration across both sectors |
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Newly Built Homes: The index for new properties advanced from 103.25 points in Q1 2026 to 105.73 points in Q2, sustaining uninterrupted quarterly gains since Q3 2025.
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Resale Properties: Existing home values rebounded strongly in 2026 after slipping in late 2025, rising from 102.51 in Q1 to 105.10 points in Q2.
Key Data Takeaways & Market Context
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General Indicator Notice: The CYStat House Price Index measures broad national price movements rather than absolute transaction values or regional price per square meter.
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Provisional Status: As these figures represent preliminary estimates from the Statistical Service, market participants should interpret the data as a macro indicator rather than an exact appraisal benchmark for individual home valuations.
Source: Cyprus Property News