Rental prices across Cyprus continued to rise steadily in the first months of 2026, according to fresh Eurostat data. The Harmonised Index of Consumer Prices for actual rental payments reached 103.95 points in May 2026, marking a consistent month‑on‑month increase since late 2025. This confirms ongoing pressure on tenants and sustained demand in the long‑term rental market.
House Prices Also Trending Upwards
Eurostat’s figures show that residential property prices are also increasing, though at a more moderate pace compared with other EU countries.
- Q1 2026 house prices rose 1.6% quarter‑on‑quarter, following a flat Q4 2025.
- Year‑on‑year, house prices were 3.4% higher compared with Q1 2025.
- Long‑term data highlights a strong upward trajectory: Cyprus’ house price index climbed from 115.70 in 2021 to 150.89 in 2025.
How Cyprus Compares to the EU
Across the EU, both rents and house prices continued to rise:
- EU house prices increased 5.1% year‑on‑year in Q1 2026.
- Rents rose 3.0% over the same period.
- Portugal, Bulgaria, and Slovakia recorded the strongest house price growth, while Finland was the only country to show a decline.
Key Takeaway for Investors & Landlords
The data reinforces Cyprus’ position as a steadily appreciating property market with rising rental demand. Both rental prices and property values continue to climb, supported by broader EU trends and strong local market fundamentals.
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