Construction material costs in Cyprus are climbing, with the price index for April 2026 reaching 120.67 units — up 1.38% year-on-year and 0.64% on the previous month — as the war involving Iran disrupts supply chains and raises the cost of oil-derived and sea-transported goods, according to data from the Statistical Service.
The index, based on 2021=100, recorded an average rise of 1.00% for the January–April 2026 period compared with the same period in 2025.
The sharpest monthly increases by category were in electromechanical goods (2.29%), metal products (1.81%), wood products, insulation, chemicals and plastics (1.76%), and minerals (1.59%).
Road construction materials have been among the hardest hit. Phileleftheros’s analysis of Statistical Service data shows that asphalt paving recorded an annual rise of 10.70% in April, while asphalt concrete rose 20.34% year-on-year. The source notes this raises the risk that original project budgets may prove insufficient and that contractors could face difficulties completing works already under contract if price rises continue.
Among other materials, Phileleftheros’s analysis recorded notable annual increases in April in plastic pipes (8.37%), steel pipes (8.04%), locks, hinges and handles (9.43%), cables (9.43%), electrical materials (5.13%), roof and shelter components and plasterboard fittings (2.71%), roof tiles (4.70%), and lifts (4.91%). Structural mesh and aluminium doors and windows recorded modest annual falls of 2.45% and 0.14% respectively, while central heating units fell 2.74% and air conditioning units fell 2%.
The Statistical Service data also showed annual rises in April for crushed sand for concrete (2.57%), plaster (1.38%), marble (0.87%), granite (0.74%), concrete slabs, mosaics and bricks (2.43%), wood products (1.59%), cabinets and counters (2.10%), doors and windows (2.14%), thermal insulation materials (1.94%), paints and solvents (0.29%), water tanks (1.64%), PVC doors and windows (0.45%), iron and steel products (1.16%), iron railings (4.04%), stainless steel sanitary and kitchen fittings (0.81%), electrical fittings including sockets, switches, fuses and insulators (3.22%), burners and boilers (2.35%), and solar and electric water heaters (1.45%).
The current pressures follow significant cost increases already recorded during the Covid-19 pandemic and the war in Ukraine, which drove up energy, fuel, transport and materials prices.
Energy-intensive materials such as cement, steel, ceramics and insulation are rising due to higher energy costs, while heavy machinery operating on fuel is also becoming more expensive per working hour, the paper added.
The supply chain continues to face pressure from geopolitical risks and disruption to key maritime routes, with no agreement yet reached on the Strait of Hormuz, according to the source.