Cyprus Property Index Q2 2025: Apartment Values Up 4.2% a Year
The RICS Cyprus Property Index with KPMG for Q2 2025 shows modest gains in all property types. Apartments and houses led on the year, while Larnaca outperformed and Limassol stayed broadly flat.
By RealDeal team · 2 min read · Published 25 Aug 2025 · Updated 8 Oct 2026
The RICS Cyprus Property Index with KPMG in Cyprus for the second quarter of 2025 recorded modest price increases in every property type. The index tracks valuers' estimates of typical properties in Nicosia, Limassol, Larnaca, Paphos and Paralimni-Famagusta. KPMG described the market as tending towards stabilisation (KPMG).
Prices, rents and yields
| Sector | Value, QoQ | Value, YoY | Rent, YoY | Yield Q2 2025 (Q2 2024) |
|---|---|---|---|---|
| Apartments | +1.28% | +4.23% | +1.33% | 5.41% (5.43%) |
| Houses | +2.26% | +2.84% | +0.77% | 2.97% (3.00%) |
| Offices | +0.21% | +3.36% | +0.85% | 5.61% (5.61%) |
| Warehouses | +1.80% | +2.08% | +1.16% | 4.24% (4.25%) |
| Retail | +0.45% | +0.69% | −0.02% | 5.75% (5.80%) |
Source: RICS Cyprus Property Index with KPMG in Cyprus, 2025 Q2.
Houses posted the strongest quarterly gain, while apartments led on an annual basis. Retail remained the weakest sector, with rents slightly down on the year.
Districts
- Larnaca recorded the highest overall growth, especially for houses and warehouses.
- Nicosia showed solid gains in both houses and apartments.
- Limassol was almost flat in most sectors, with declines in warehouse and retail prices.
- Paphos saw the steepest warehouse decline, while apartment prices rose modestly.
- Offices were broadly stable everywhere, with Famagusta posting the largest increase.
Holiday properties
Holiday apartments rose 2.13% year on year and holiday houses 1.29%. Their yields stood at 5.75% and 2.79% respectively.