Larnaca leads Cyprus real estate growth in 2025

Larnaca has emerged as the leading district in Cyprus's real estate market for early 2025, showing the highest rise in property values, especially in offices, apartments, and houses. According to the latest RICS Cyprus Property Price Index with KPMG, Larnaca outperformed all other districts in terms of growth, while areas like Nicosia, Limassol, and Paphos saw only modest gains. Famagusta showed more balanced increases across different property types. Retail properties and warehouses continued to underperform, with shops showing a decline and only slight gains in warehouse values.

Holiday properties across Cyprus recorded small increases, particularly in Larnaca, which once again led year-on-year growth. Rental prices also continued to rise, especially for office spaces, followed by apartments and houses, while retail rents declined further. Despite global economic uncertainties, the Cypriot property market remains stable. Experts note that although the international environment is challenging, Cyprus’s economy has shown resilience, and real estate prices are generally trending upward.