Apartments outpace houses as Cyprus property prices reach record highs

Apartment prices in Cyprus hit a record high in the first quarter of 2026, surpassing the peak recorded during the 2008 property bubble, according to Central Bank data analysed by Phileleftheros.

The apartment price index reached 127 units in Q1 2026, up from 114.4 units in Q1 2025 — an annual rise of 11.4%. Compared with 2015, prices have risen 78.87% over ten years. The index now stands 65% above the low recorded in 2006. By contrast, the index had fallen to 74.7 units in 2014 and 82.5 units...