KPMG in Cyprus and RICS have released the Q1 2025 Cyprus Property Price Index, revealing continued growth in the local real estate market, particularly in Larnaca, which recorded the most significant value increases.
According to Christophoros Anayiotos, Head of KPMG Cyprus’s Real Estate Industry Group, office properties saw the largest price and rental increases, followed closely by residential assets such as apartments and houses. Warehouse values rose modestly, while retail property values declined, continuing a downward trend observed in previous quarters.
Rental values mirrored this pattern, with the strongest growth in offices, followed by residential properties. Retail rental values had the smallest increase, also reflecting ongoing challenges in the sector. Despite overall increases in sale and rental prices, property yields showed only marginal changes.
RICS Chief Economist Simon Rubinsohn noted that Cyprus’s economy remains resilient amid global geopolitical and economic uncertainty. The real estate sector, in particular, continues to perform steadily, with property prices generally trending upward.
The full Q1 2025 Index is available via KPMG Cyprus or the RICS website.
This index is a key indicator for investors, developers, and professionals monitoring Cyprus’s property market performance and trends.
Source: KPMG (May 2025)