Cyprus has recorded another increase in construction material prices — in September 2025, costs rose by 1.44% compared to the same month last year, according to the Statistical Service of Cyprus (Cystat). Month-on-month, the figures remained almost unchanged — a slight decrease of 0.08% compared to August.
According to official data, the Construction Materials Price Index in September reached 118.96 points, with the base level set at 100 points in 2021. This index is used to analyze price dynamics in the construction market and helps track contractors’ real expenses.
Reasons behind the price increase
The main contributors to the price growth were mineral and non-metallic materials, which rose by 3.6% year-on-year. Wood, plastic, and insulation products became 1.05% more expensive. Electromechanical products saw a slight rise of about 0.2%, while metal products, on the contrary, fell by 0.6%.
Among specific categories, mineral mixtures showed the sharpest increase — up by 9.5%, followed by stone (+6.3%) and concrete products (+3.8%). At the same time, cement prices fell by 1.3%, and iron and steel dropped by 1.6%, due to global metal price fluctuations and reduced demand in the EU construction sector.
Price changes within the industry
According to Cystat, the price increases are mostly seen in private and commercial construction. Within electromechanical materials, electrical components rose by 2.3%, and general-purpose equipment by almost 3%.
Meanwhile, heating and cooling systems became over 5.5% cheaper, which experts attribute to seasonal demand decline and increased competition among suppliers.
The Construction Materials Index is based on monthly price monitoring of suppliers across the island. It forms part of the overall Construction Cost Index, which Cystat also reports to Eurostat for assessing trends in the European market.
Trends and forecast for 2026
Experts note that price growth in Cyprus’s construction sector remains moderate and stable, despite international influences. The increase in mineral and finishing materials costs is partly offset by lower prices for metal products and energy-efficient equipment.
According to analysts, in 2026, the index may rise by another 1–1.5%, provided that global raw material and logistics costs continue to increase. At the same time, residential construction and infrastructure projects are expected to pick up, which could sustain demand for locally produced construction materials.