Cyprus rental rates climb steadily as property prices outpace eurozone average

Rental rates on Cyprus are rising month on month, with the price index climbing from 101.08 in December 2025 to 103.95 in May 2026.

According to Eurostat data, this represents steady monthly growth without sharp spikes. Meanwhile, property prices are also rising, though at a more measured pace than in other EU member states. In the first quarter of 2026, residential property values increased by 1.6 per cent quarter-on-quarter and 3.4 per cent year-on-year.

For context, across the EU as a whole, rental rates rose 3 per cent annually, whilst property prices climbed 5.1 per cent. Cyprus's growth rates remain below the EU average, yet the upward trajectory is unmistakable. The Cypriot property index has grown from 100 in 2015 to 150.89 in 2025.

For those considering Cyprus as an investment opportunity, the takeaway is clear: growth is occurring, but it is not explosive. Neighbouring markets such as Portugal (prices up 17.8 per cent annually) or Bulgaria (up 14.8 per cent) are expanding considerably faster.

Source: Cyprus Mail Property