Nicosia: KPMG in Cyprus has announced the release of the RICS Cyprus Property Price Index for the third quarter of 2025.
According to KPMG, the property market in Cyprus displayed varied movements across different asset categories and districts during this period. Limassol led the way with significant growth in the Warehouse and Apartment sectors, while Nicosia, Paphos, and Famagusta experienced stable trends with modest gains in residential assets. Larnaca’s market remained largely unchanged, aside from a slight increase in office values. Year-on-year analysis indicated that Apartments and Houses saw the highest price increases, whereas the Retail sector continued to lag behind.
Rental values experienced a moderate rise, with Apartments showing the most significant increase, followed by Houses. Other sectors such as Retail, Warehouses, and Offices exhibited minimal changes. The quarter highlighted a stable residential sector, particularly in Apartments, while commercial assets exhibited limited momentum, reflecting a cautious yet steady market environment.
Simon Rubinsohn, RICS Chief Economist, highlighted the solid performance of the Cypriot economy, which continues to support the real estate market. Economic growth remains robust, employment levels have reached record highs, and inflation is notably low. The tourism sector is also contributing significantly to the economy, with arrivals reaching historical peaks over the summer months. The full publication is available on the RICS website.