Cyprus property market sees growth in Q2 2026 led by Larnaca

The RICS Cyprus Property Price Index, produced in partnership with KPMG, reports a resilient property market for the second quarter of 2026. Across the country, all asset categories experienced price increases, with apartments emerging as the strongest-performing asset class. Annual growth rates saw apartments rise by 4.09%, houses by 3.60%, and warehouses by 3.48%, while offices recorded a 2.91% increase and retail properties saw more modest growth of 0.72%.

Larnaca has emerged as a significant development hotspot, leading the market in growth for apartments, offices, and warehouses. Christophoros Anayiotos, head of the real estate industry group at KPMG, noted that positive price movements occurred across most districts. While Paphos and Famagusta also showed notable gains in the residential sector, Larnaca's performance in both residential and commercial categories highlights its ongoing economic momentum, supported by infrastructure projects, increased tourism, and investment interest.

The current data reflects a period of broad stability in the property market. While analysts express optimism regarding the economic benefits of this development, concerns remain regarding the sustainability of price growth to ensure affordability remains comparable to other major urban centers.