Building a house or renovating a property in Cyprus is becoming more expensive. Over the past year, prices for construction materials increased by 3.74%, while some categories rose even more sharply. In September, the Construction Materials Price Index reached 123.41 points, with 2021 set as the base year at 100 points.
Which Construction Materials Increased in Price the Most?
Year over year, the largest price increases were recorded in the following groups:
- metal products — up 5.28%;
- wood products, insulation, chemical, and plastic materials — up 5.06%;
- electrical and mechanical products — up 4.08%;
- minerals — up 2.81%;
- mineral products — up 1.35%.
Among individual types of materials, electrical products saw a particularly noticeable increase of 8.38%, plastic products rose by 6.43%, aluminum and other metal products by 5.68%, and wood products by 5.49%. At the same time, prices for heating and cooling equipment fell by 1.70% compared with a year earlier.
How Prices Changed Over the Month
Compared with August 2026, construction materials became 0.26% more expensive. The biggest increase among the main categories was recorded in electrical and mechanical products, which rose by 0.63%. Wood products, insulation, chemical, and plastic materials increased by 0.54%, minerals by 0.32%, and metal products by 0.11%.
At the level of individual categories, insulation materials recorded the largest increase, rising by 1.73%, while electrical products went up by 1.18%.
At the same time, aluminum and other metal products fell in price by 0.18%. Prices for mineral products remained unchanged over the month.
Price Growth Since the Beginning of 2026
Between January and September 2026, the Construction Materials Price Index increased by 2.24% compared with the same period in 2025. The largest increases over the nine-month period were recorded in the following categories: wood products, insulation, chemical, and plastic materials — up 3.10%; electrical and mechanical products — up 2.94%; and metal products — up 2.83%.
Among individual product categories, electrical materials led the increase, rising by 5.94%, followed by plastic products at 5.29% and aluminum and other metal products at 4.75%. At the same time, prices fell for heating and cooling equipment by 1.24% and for ceramic products by 0.95% during January–September.