Press Release
KPMG in Cyprus announces that the “RICS Cyprus Property Price Index with KPMG in Cyprus” has been issued for the first quarter of 2026.
On behalf of KPMG in Cyprus, Christophoros Anayiotos, Board Member and Head of the Real Estate Industry Group, stated:
“During the first quarter of 2026, Cyprus’ property market remained broadly stable, with generally marginal price movements across most districts and asset categories. Apartments continued to be in the lead, particularly in Paphos and Famagusta, which recorded the highest increases, while Nicosia and Limassol showed only modest changes. Housing values experienced selective growth, with uplifts observed mainly in Famagusta and Limassol, and little movement elsewhere. Retail values were largely flat, with minor gains in Limassol and Famagusta, but with a slight decline in Paphos, while Warehouses and Offices showed small gains only in Nicosia and Paphos”.
Rental values continued to grow, with Apartments posting the largest annual increases, followed by solid increases in Offices and Houses. Retail remained again the weakest performer, showing the smallest yearly change.
Overall, the quarter reflects a stable market environment, with residential and office assets maintaining momentum, while Retail continued to demonstrate limited demand”.
On behalf of RICS, Simon Rubinsohn, RICS Chief Economist, commented:
“Although the Cypriot economy has been performing well, concerns are growing about the impact of the war in the Middle East, both directly on energy costs as well as on tourism. This uncertainty has been captured to an extent in the latest feedback to the RICS Cyprus Commercial Property survey with sentiment dipping in both the occupier and investor markets. This has yet to be reflected in the RICS Cyprus Property Price Index with KPMG in Cyprus but the longer the current troubles persist, the greater the risk that the shift in the mood music will begin to be visible in the hard data”.
The publications can be found on the RICS website https://www.rics.org/news-insights/market-surveys/cyprus-property-price-index
About KPMG in Cyprus:
KPMG has been operating in Cyprus since 1948 and currently employs more than 750 professionals working from 6 offices across the island. It is a member of KPMG International Limited, a global organisation of independent professional services firms providing Audit, Tax and Advisory services. KPMG operates in 138 countries and territories and has approximately 276,000 people working in member firms around the world. Clients look to KPMG for a consistent standard of service based on high-order professional capabilities, industry insight, local knowledge and expertise.
About RICS:
We are RICS. Everything we do is designed to effect positive change in the built and natural environments. Through our respected global standards, leading professional progression and our trusted data and insight, we promote and enforce the highest professional standards in the development and management of land, real estate, construction and infrastructure. Our work with others provides a foundation for confident markets, pioneers, better places to live and work and is a force for positive social impact.
