Larnaca leads Cyprus property market growth in second quarter of 2026

Larnaca, Cyprus. Larnaca led Cyprus’ property market in the second quarter of 2026, recording the strongest growth in apartments and offices and gains in houses and warehouses.

The latest RICS and KPMG index showed prices increased across most districts and property categories.

Residential market

“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,” said Christophoros Anayiotos, KPMG board member and head of the real estate industry group.

Apartments remained the strongest-performing asset class, recording growth across all major districts, with Larnaca leading the market, Anayiotos said.

Housing values also rose, particularly in Larnaca and Paphos, reflecting continued demand in the residential sector.

Commercial properties

Commercial property values also increased, although growth was more restrained.

Offices registered moderate gains, with the strongest growth in Larnaca, while warehouses continued to rise, supported by notable increases in Larnaca and Paphos, Anayiotos said.

Retail remained the weakest-performing asset class, posting only modest growth in most districts and a slight decline in Famagusta, indicating that demand in the segment continued to lag behind other sectors.

Rental values

Rental values maintained their upward trend, with apartments posting the strongest annual increases, followed by holiday assets and houses, Anayiotos said.