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Cyprus Construction Materials Price Index Climbs 1.19% In July Amid Market Nuances

The latest state statistical report confirms that Cyprus’ construction materials price index experienced a modest yet significant year-on-year increase of 1.19% in July 2025. Utilizing 2021 as a benchmark with a base value of 100 points, the index concluded at 119.04 points, reflecting a marginal monthly rise of 0.01% from the previous period.

Data Insights And Market Overview

This incremental growth, when juxtaposed with the corresponding month of the previous year, points to the sustained yet subtle pressure within the construction sector. The data underscores the importance of closely monitoring market trends, even when shifts appear negligible in the short term.

Category-Specific Developments

The report offers a clear breakdown by product category. Notably, minerals and mineral products led the gains with increases of 3.33% and 3.27%, respectively, signaling robust demand in these segments. Conversely, metal products encountered a decline of 1.04%. Meanwhile, sectors encompassing wood products, insulation materials, chemicals, and plastics posted a modest rise of 0.70%, with electromechanical goods experiencing a slight increase of 0.19%.

Periodic Trends And Strategic Implications

The cumulative index from January through July 2025 marks an overall increase of 1.24% compared with the same period in 2024. These figures are critical for industry stakeholders, offering guidance for budgeting, investment planning, and market positioning in an environment characterized by subtle yet persistent shifts in input costs.

In summary, while the observed changes remain relatively incremental, they highlight underlying market dynamics and could influence strategic decisions in the broader construction landscape.

Cyprus Property Deals Reach €286 Million Despite Second-Quarter Uncertainty

Cyprus’ high-end property market remained active in the first half of 2026, although geopolitical uncertainty may have weighed on investment activity during the second quarter.

€286.4 Million Across The 50 Largest Deals

Property transactions worth a combined €286.4 million ranked among Cyprus’ 50 highest-value deals completed between January and June, according to real estate analytics firm Ask Wire.

Examining the country’s biggest sales across all districts, the report found that the 10 largest transactions alone accounted for €161.7 million, highlighting the concentration of activity at the upper end of the market.

Limassol Extends Its Lead

A €55 million sale involving a building and adjoining fields in Moni was the largest property transaction recorded during the period.

Six of the country’s 10 biggest deals took place in Limassol, with a combined value of €117.2 million. Paphos followed with three transactions worth €35.5 million, while Larnaca recorded one €9 million sale.

Across the broader ranking, Limassol’s 10 largest transactions reached €148.2 million, representing 51.7% of the total value of the top 50 deals. Paphos followed with €68.8 million (24%), while Nicosia recorded €26.7 million. Famagusta narrowly surpassed Larnaca, reaching €21.4 million compared with €21.2 million.

Land Continues To Drive High-Value Deals

According to Ask Wire CEO Pavlos Loizou, land acquisitions continue to dominate Cyprus’ largest property transactions.

“The land market dominates the list of the 10 highest-value property transactions, with seven sales involving fields and plots.”

Many of those sites are expected to be developed into luxury residential and hospitality projects, he added.

Office Demand Remains Strong

Growing demand for office space also reflects the expansion of international companies establishing operations in Cyprus, Loizou said.

“We continue to observe growing demand for office properties, reflecting the expansion of the new ecosystem of international companies that has been establishing itself in Cyprus in recent years.”

Eight of the 10 largest transactions were completed during the first quarter of 2026, with activity slowing in the following three months.

Loizou said the slowdown may reflect investor caution linked to the conflict in the Middle East, which appears to have influenced investment decisions during the second quarter.

eCredo
The Future Forbes Realty Global Properties
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Aretilaw firm

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