Recent data from the RICS–KPMG Cyprus Property Price Index for Q1 2025 shows Larnaca leading the pack in property price rises across Cyprus
Larnaca is quickly becoming the new hotspot in Cyprus’s real estate market, outpacing other cities in both property price growth and rental demand, according to the latest RICS–KPMG Cyprus Property Index for Q1 2025. The city leads the way with the strongest increases in apartment and office prices, driven by rising demand and strategic urban development. While residential properties—especially apartments—continue to show robust annual and quarterly growth across Cyprus, Larnaca stands out for its consistent performance. Rental values also rose island-wide, with offices seeing the largest spike, followed by apartments and houses. However, retail property prices and rents are declining, making them a less attractive option for investors. Experts attribute Larnaca’s rise to its growing infrastructure and investment appeal, recommending residential and office segments as the most promising opportunities for buyers and investors alike.
Source: Philenews – Greek (June 2025)