Cyprus Permits 11,100 New Homes in H1 2026, Up 68%
Cyprus issued 4,401 building permits in January–June 2026, covering 11,100 homes — 67.8% more than a year earlier. Construction prices rose 4.9% a year in Q2.
By RealDeal team · 2 min read · Published 17 Oct 2026
Cyprus building permits rose 29.5% in the first half of 2026 to 4,401, according to Statistical Service of Cyprus (CYSTAT) data reported by Cyprus Mail and INDEX.cy. The permitted projects are worth €2.57bn, cover 2.10m m² and include 11,100 homes.
The figures
| January–June | 2025 | 2026 | Change |
|---|---|---|---|
| Permits | 3,399 | 4,401 | +29.5% |
| Value | €1.73bn | €2.57bn | +48.2% |
| Homes | 6,616 | 11,100 | +67.8% |
Apartment blocks drive the growth: 7,832 flats (+85.3%), against 1,760 single houses (+4.2%) and 671 units in two-unit buildings (+25.2%). In June alone, 751 permits were issued (+18.3% year on year), covering 2,122 homes.
Building costs
CYSTAT's output prices index in construction was 4.9% higher in Q2 2026 than a year earlier and 2.5% above Q1 2026, while construction production grew 1.1% year on year (Cyprus Mail).