The 61st edition of the RICS Cyprus Property Index with KPMG in Cyprus offers a comprehensive review of property market performance for Q2 2025, examining price and rental movements across all districts and key sectors.

Key Findings

• Apartments: Solid growth year-on-year, with notable increases in Nicosia and steady gains across most districts.
• Houses: The strongest performer this quarter, particularly in Larnaca.
• Retail: Remains subdued, showing the smallest gains and in some cases declines, especially in Limassol.
• Offices: Stable overall, with the largest increase recorded in Famagusta.
• Warehouses: Mixed results – strong increases in Larnaca, but sharp declines in Paphos.
• Holiday Properties: Continued strong performance, with Holiday Apartments leading growth, supported by sustained tourism demand.

Yields – Cyprus (Q2 2025)

• Apartments: 5.41%
• Houses: 2.97%
• Retail: 5.75%
• Warehouses: 4.24%
• Offices: 5.61%
• Holiday Apartments: 5.75%
• Holiday Houses: 2.79%

Definitions of Property Types in the Index

• Apartments: Standard two-bedroom urban flats (85 sqm, medium quality).
• Houses: Three-bedroom semi-detached houses with garden (250 sqm, medium quality).
• Retail: High-street ground-floor units (100 sqm) and mezzanine spaces (50 sqm).
• Offices: Grade A, city centre spaces (200 sqm).
• Warehouses: Light industrial units (2,000 sqm) with office space (200 sqm).
• Holiday Properties: Apartments and houses in coastal or tourist areas, used for seasonal or leisure purposes.

This index is compiled by RICS-certified property professionals using a methodology developed by the University of Reading (UK), ensuring consistent and reliable insights for investors, banks, and policy makers monitoring the Cyprus property market.

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