KPMG in Cyprus announces that the 'RICS Cyprus Property Price Index with KPMG in Cyprus' has been issued for the first quarter of 2025, finding an overall increase in real estate values in Larnaca and modest increases in other districts.
On behalf of KPMG in Cyprus, Christophoros Anayiotos, Board Member and Head of the Real Estate Industry Group, stated, “The first quarter of 2025 presents an overall increase in real estate values in Larnaca, whilst other districts recorded modest increases. The largest rise is recorded in Offices, followed closely by residential sector assets (Apartments and Houses). Modest increases were observed in Warehouses, while Retail experienced a decline, continuing the trend from previous quarters.
Rental values increased, with the strongest growth in Offices, followed by the residential sector assets. The smallest increase was noted in Retail, once again continuing a trend observed in recent quarters. Overall, the Index shows rises recorded in both sale prices and rental values, although property yields saw very marginal movements”.
On behalf of RICS, Simon Rubinsohn, RICS Chief Economist, commented, “The Cyprus economy has so far remained relatively resilient in the face of rising geopolitical tensions. However, the heightened level of global macro uncertainty inevitably points to a more challenging environment for policymakers. That said, the real estate market remains solid for the time being with prices generally continuing to edge upwards”.
