Cyprus construction costs continue to rise

Cyprus’ construction material prices climbed further in May, according to the state statistical service (Cystat), with higher costs for metals, wood and electromechanical products continuing to shape the outlook for the island’s building sector.

Specifically, the Price Index of Construction Materials reached 122.07 units in May 2026, with 2021 acting as the base year set at 100 units, representing a month-on-month increase of 1.16 per cent....