Construction material prices in Cyprus rose by 1.44 per cent in September 2025, compared with the same month last year, despite a minor decrease from August. The Cyprus Statistical Service (Cystat) revealed that the Price Index of Construction Materials reached 118.96 units, with 2021 serving as the base year set at 100 units.
Monthly Trends in Construction Costs
While September’s index marked a year-on-year increase, it reflected a slight monthly decline of 0.08 per cent compared to August 2025. This suggests a stabilisation in construction costs after fluctuations earlier in the year.
Annual Growth Drivers
The annual increase was driven primarily by rising prices in several categories: minerals saw a significant rise of 3.62 per cent, while mineral products increased by 3.30 per cent. Additionally, products made from wood, insulation materials, chemicals, and plastics recorded a modest growth of 1.05 per cent.
Variations Among Material Categories
Not all categories experienced growth; metallic products faced a decline of 0.59 per cent. In contrast, electromechanical products posted a slight rise of 0.19 per cent, with electrical fixtures and other electromechanical products increasing by 2.32 per cent and 2.90 per cent, respectively. However, heating and cooling equipment saw a notable drop of 5.56 per cent.
Specific Increases in Key Material Types
Breaking down the figures further, mineral aggregates surged by 9.48 per cent year-on-year, stones rose by 6.36 per cent, and cement products increased by 3.79 per cent. Conversely, cements fell by 1.28 per cent, and iron and steel products recorded a decrease of 1.57 per cent.
Long-term Trends in Construction Material Prices
Throughout the first nine months of 2025, the overall index rose by 1.26 per cent when compared to the same period in 2024. This trend indicates a gradual rise in construction material costs, which is significant for contractors and those involved in construction projects.
Understanding the Price Index
Cystat noted that the Price Index of Construction Materials reflects the costs incurred by contractors and is derived from a monthly survey of material prices collected from suppliers. The index serves as a weighted average of various materials, with weights determined by each material’s share in total construction costs. This approach allows stakeholders to track changes in construction costs effectively.
As part of the broader Construction Costs Index, this data is also reported to Eurostat and primarily focuses on new residential building projects. The stability of these prices is crucial for the construction industry, influencing both project budgets and timelines.
