Housing Crisis: Property Prices Rise Dramatically on Cyprus
Property prices on Cyprus rose 7.9 percent year-on-year in the second quarter of 2026 – significantly above the EU average of 4.7 percent. This rapid price increase, combined with persistently high rents, is significantly worsening housing affordability on the island. According to Eurostat and Cypriot statistical data, this demonstrates the renewed momentum of the Cypriot real estate market.