Cyprus Property News for home buyers & real estate investors in Cyprus

18th January 2022
Cyprus Property News logo
HomeProperty StatisticsConstruction material prices escalating

Construction material prices escalating

The Price Index of Construction Materials recorded a significant annual increase of 13.6% in July, reaching 114.46 according to the Cyprus Statistical Service (CYSTAT).

Compared to July 2020, increases were noted in:

  • Metallic products (+29.61%)
  • Wood, insulation materials, chemicals and plastics (+12.30%)
  • Electromechanical products (+10.38%)
  • Minerals (+2.56%)
  • Mineral products (+1.14%)

Cyprus constructin material price index 07_2021

As we reported earlier this month, construction costs have skyrocketed, with the recent hike in the price of diesel further exacerbating the situation.

Further reading

Press release: Price Index of Construction Materials: July 2021

Sign up to receive our free Cyprus property newsletter

We guarantee that we do not spam and will not divulge your email address to any third party.

Read our privacy policy for more information.

Cyprus property transfer fees

Property capital gains tax (CGT) calculator

EUR - Euro Member Countries

Top Stories