Cyprus Property Index Q3 2025: Apartment Values Up 4.5% a Year
Apartment values in Cyprus rose 4.5% in the year to Q3 2025, the largest increase of any property type in the RICS Cyprus Property Index with KPMG in Cyprus. Retail lagged with a 0.7% gain.
By RealDeal team · 2 min read · Published 13 Nov 2025 · Updated 8 Oct 2026
Apartment values in Cyprus rose 4.5% between Q3 2024 and Q3 2025, the strongest annual gain of any property type, according to the RICS Cyprus Property Index with KPMG in Cyprus for the third quarter, published in November. House values rose 4.1%, while retail recorded the smallest increase at 0.7%. The index is based on valuations by RICS-accredited professionals of standard notional properties in Nicosia, Limassol, Larnaca, Paphos and Paralimni–Famagusta.
Apartments remain the most resilient asset
Compared with the previous quarter, warehouses posted the largest increase, followed closely by apartments, which the report describes as the most resilient category over time. Retail values edged down quarter on quarter, continuing the trend of earlier quarters.
| Property type | Value, y/y | Rent, y/y | Yield, Q3 2025 |
|---|---|---|---|
| Apartments | +4.50% | +4.78% | 5.42% |
| Houses | +4.11% | +2.22% | 2.97% |
| Warehouses | +3.69% | +1.79% | 4.19% |
| Offices | +3.09% | +2.53% | 5.59% |
| Retail | +0.73% | +0.54% | 5.76% |
| Holiday apartments | +3.43% | +2.87% | 5.68% |
| Holiday houses | +2.11% | +1.98% | 2.79% |
Source: RICS Cyprus Property Index with KPMG in Cyprus, Q3 2025.
Limassol leads the districts
Limassol showed the highest quarterly growth overall, driven by a sharp rise in warehouse values and gains in apartments. Nicosia, Paphos and Famagusta recorded more modest increases, mainly in houses and apartments. Larnaca was broadly unchanged in most sectors apart from offices, and retail values in Nicosia declined.
Rents and yields
Rents continued to rise year on year, led by apartments (+4.8%) and holiday apartments (+2.9%). Yields edged slightly lower over the year in most categories. Apartments were the exception, with the yield rising from 5.40% to 5.42%.