Building costs in Cyprus continued a modest upward trend during the second month of the year, driven largely by rising prices for specialized technical equipment and chemical products. New data released on Wednesday, March 18, 2026, by the Statistical Service of Cyprus (Cystat) shows that the Construction Materials Price Index climbed to 119.28 points, using 2021 as the baseline year.
This figure represents a 0.60% increase compared to February 2025, signaling that while the extreme price spikes of previous years have subsided, inflationary pressures remain present in the supply chain.
Sector Breakdown: Electronics Up, Metals Down
The overall index rise masks a tug of war between different material categories. While some essential building components became more expensive, others saw a slight reprieve in pricing.
Where prices rose most sharply:
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Electromechanical Goods: Recorded the highest jump at 2.27%, impacting the cost of wiring, climate control systems, and specialized machinery.
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Wood and Chemicals: Products including timber, insulation, and plastics rose by 1.64%.
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Raw Minerals: Basic mineral materials saw a nearly 1% increase.
Where prices softened:
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Metal Products: Bucked the trend with a 0.45% decrease, providing some relief for structural steel and reinforcement works.
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Mineral Products: Stayed relatively flat with a marginal dip of 0.08%.
Early 2026 Trend
When looking at the first two months of 2026 as a whole, the data suggests a steady build up in costs. For the January-February period, construction materials are averaging 0.84% more expensive than they were during the same timeframe last year.
On a month to month basis, February’s costs were 0.33% higher than those recorded in January. For developers and homeowners, these incremental rises represent a stabilizing but still appreciating market, where the high costs of technical components are currently offsetting the savings found in raw metals.
Source: news.cyprus-property-buyers.com