Cyprus house price growth speeds up in 2026 Q2

House prices in Cyprus rose by 7.9% in nominal terms in 2026 Q2 compared with the same quarter of the previous year, according to Eurostat. That is the fastest annual rate in the series covered here, which runs from 2025 Q2 to 2026 Q2, and it marks a clear step up from the quarter before.

In 2026 Q1, Eurostat recorded annual growth of 3.4% for Cyprus, so the rate in 2026 Q2 was 4.5 percentage points higher, based on Housing Market Group calculations from Eurostat figures. The path over the past year has not been smooth. Annual growth stood at 2.9% in 2025 Q2, rose to 4.2% in 2025 Q3 and reached 6.0% in 2025 Q4, before easing to 3.4% in 2026 Q1 and then picking up sharply in 2026 Q2. Compared with 2025 Q2, the annual rate in 2026 Q2 was 5 percentage points higher, according to HMG calculations from Eurostat data.

Set against other markets, the Cyprus figure sits between two very different pictures. In Germany, house prices were 0.6% higher in 2026 Q2 than a year earlier, according to the Statistisches Bundesamt (Destatis). The German growth rate was 2.7 percentage points lower than in 2025 Q2, based on HMG calculations from Destatis figures, so price growth there has slowed over the year. In Spain, the Instituto Nacional de Estadística (INE) reported annual growth of 12.2% for 2026 Q2. That is a higher rate than in Cyprus, although the Spanish rate was 0.5 percentage points lower than in 2025 Q2, according to HMG calculations from INE figures.

This means the 2 comparison countries moved in the same direction over the year, with annual price growth slowing in both, while Cyprus moved the other way. When the 3 countries in this sheet are ranked by how much their annual growth rate changed between 2025 Q2 and 2026 Q2, Cyprus comes 1 of 3, based on HMG calculations. Spain still records the strongest annual price growth of the group in 2026 Q2, but Cyprus shows the largest acceleration.

The figures describe nominal prices, meaning they are not adjusted for inflation, and they cover the country as a whole. The data available here does not break the Cyprus result down by region or city, and no HMG platform data on search demand or listings is included alongside it, so the national Eurostat series is the basis for this comparison. On that basis, 2026 Q2 stands out as the quarter with the quickest annual increase in Cyprus house prices across the 5 quarters shown, following a dip in the pace during 2026 Q1.