The 60th edition of the RICS Cyprus Property Index with KPMG in Cyprus delivers a detailed quarterly review of market trends for Q1 2025, tracking property values and rental rates across all major districts and asset types.

Key Findings

• Apartments: Leading the market with the largest quarterly and annual price gains.
• Houses: Moderate increases overall, with Larnaca showing strong growth.
• Retail: Largely unchanged, with minimal variations across districts.
• Offices: Notable quarterly gains, particularly in Larnaca.
• Warehouses: Slight overall increases.
• Holiday Properties: Both Holiday Apartments and Holiday Houses maintained modest quarterly and annual growth.

Definitions of Property Types in the Index

• Apartments: Urban flats in multi-storey buildings.
• Houses: Detached or semi-detached urban residences.
• Retail: High-street ground-floor shops and mezzanine spaces in commercial areas.
• Offices: Central Business District (CBD) office spaces in prime locations.
• Warehouses: Industrial units for storage or light manufacturing, including ancillary office space.
• Holiday Apartments / Houses: Coastal or tourist area properties intended for seasonal or leisure use.

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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