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Cyprus Property Prices Rise As Residential Demand Supports Market

by THEFUTURE.TEAM

August 25, 2026

Residential Demand Remains A Key Support

Residential property values continued to rise, with Larnaca and Paphos recording some of the strongest gains. Holiday properties also remained positive, with apartments outperforming holiday houses as demand for tourism-linked real estate continued.

“Housing values also recorded positive gains, particularly in Larnaca and Paphos, reflecting continued demand in the residential sector,” Anayiotos said.

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Commercial Property Shows Mixed Performance

Commercial real estate recorded more moderate gains during the quarter. Office values increased most strongly in Larnaca, while warehouse prices also rose, supported by gains in Larnaca and Paphos.

Retail remained the weakest-performing segment. Growth was modest across most districts, while Famagusta recorded a slight decline.

Rents Continue To Rise

Rental values increased during the quarter, led by apartments, followed by holiday properties and houses. The gains point to continued demand for rental housing as supply remains constrained in some parts of the market.

“The second quarter reflects a stable and healthy market environment, underpinned by sustained demand for residential and holiday assets, while commercial properties continue to show selective growth,” Anayiotos said.

Geopolitical Risks Have Not Weakened Property Demand

RICS chief economist Simon Rubinsohn said Cyprus’ property market has remained resilient despite geopolitical uncertainty. He added that concerns about the potential impact on tourism have not translated into weaker prices for holiday-related properties.

“The Cypriot economy continues to demonstrate considerable resilience in the face of the ongoing geopolitical challenges,” Rubinsohn said.

Commercial property sentiment has also improved after a weaker start to the year, according to Rubinsohn. Overseas investment enquiries have begun to recover, while the RICS Cyprus Commercial Property Monitor recorded a modest improvement in sentiment in recent months.

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Cyprus Business Electricity Prices Rank Among The EU’s Highest

by THEFUTURE.TEAM

November 6, 2026

Electricity prices for a defined group of non-household consumers in Cyprus reached €0.23 per kilowatt-hour in the first half of 2026, placing the country among the most expensive in the EU, according to Eurostat.

The rate matched Italy and exceeded the EU average of €0.18. Ireland recorded the highest price at €0.27 per kilowatt-hour.

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The figures cover non-household consumers with annual electricity consumption of between 500 and 2,000 megawatt-hours, rather than all businesses or households.

EU Electricity Prices Continued To Fall

Across the EU, average prices for this consumer group declined by 2% compared with the second half of 2025 and were 5.4% lower year on year.

The lowest rates were recorded in Finland (€0.09 per kWh) and Sweden (€0.12), followed by Denmark, Spain and Portugal, all at €0.13.

Prices Fell In Most Member States

Electricity prices declined year on year in 19 EU countries during the first half of 2026. Luxembourg recorded the largest fall, at 23.8%, followed by Czechia (11.9%) and Greece (11.8%).

Prices increased in eight member states, led by Sweden (18.8%), Finland (18.7%) and Bulgaria (14.2%). Despite the sharp increases, Finland and Sweden continued to have the lowest electricity prices in the bloc.