Cyprus property market reports modest growth in second quarter of 2026

The RICS Cyprus Property Price Index, produced in collaboration with KPMG in Cyprus, reported modest price increases across all real estate categories for the second quarter of 2026. Data highlights that apartments demonstrated the strongest performance with an annual growth of 4.09%, followed by houses at 3.60% and warehouses at 3.48%. Office spaces recorded a 2.91% increase, while the retail sector experienced the weakest growth, limited to just 0.72%.

Quarterly changes remained marginal across all provinces and property types, with apartments showing the most consistent stability. Paphos and Famagusta recorded the highest increases in the apartment segment, whereas Nicosia and Limassol saw more moderate growth. Christoforos Anagiotou, Head of Real Estate and Land Development at KPMG Cyprus, noted that the market continues to exhibit resilience.

Larnaca is increasingly viewed as an emerging investment and purchasing hotspot. This growth is attributed to ongoing infrastructure projects, such as the development of the city's port and marina, a strengthening tourism sector, and efforts to boost education, which collectively contribute to the sustained demand in the property market.