KPMG in Cyprus announces that the 'RICS Cyprus Property Price Index with KPMG in Cyprus' has been issued for the second quarter of 2026.
On behalf of KPMG in Cyprus, Christophoros Anayiotos, Board Member and Head of the Real Estate Industry Group, stated, “During the second quarter of 2026, the Cyprus’ property market continued to demonstrate resilience, with positive price movements recorded across most districts and asset categories. Apartments remained the strongest-performing asset class, showing growth across all major districts, with Larnaca leading the market. Housing values also recorded positive gains, particularly in Larnaca and Paphos, reflecting continued demand in the residential sector.
Offices registered moderate increases, with the strongest growth observed in Larnaca, while Warehouses continued their positive course, supported by notable gains in Larnaca and Paphos. Retail properties remained the weakest-performing asset class, recording only modest growth in most districts and a slight decline in Famagusta, indicating that demand in this segment continues to lag behind other sectors.
Rental values maintained their upward trend, with Apartments posting the strongest annual increases, followed by Holiday assets and Houses. The holiday property sector continued to perform positively, with Holiday Apartments outperforming Holiday Houses, highlighting the ongoing strength of Cyprus’ tourism market.
Overall, the second quarter reflects a stable and healthy market environment, underpinned by sustained demand for residential and holiday assets, while commercial properties continue to show selective growth, albeit Retail which remains the least favoured asset class”.
On behalf of RICS, Simon Rubinsohn, RICS Chief Economist, commented, “The Cypriot economy continues to demonstrate considerable resilience in the face of the ongoing geopolitical challenges. The latest results from the RICS Cyprus Property Price Index with KPMG in Cyprus demonstrate this clearly with concerns about the impact on the tourist industry in particular failing to be realised as holiday-related assets continue to move upwards in pricing. Another indication that the commercial real estate sector is holding up is provided by the RICS Cyprus Commercial Property Monitor which shows a modest improvement in sentiment in recent months and overseas investment enquiries picking up after a softer first quarter.”
The publications can be found on the RICS website https://www.rics.org/news-insights/market-surveys/cyprus-property-price-index
