Larnaca has emerged as the frontrunner in Cyprus’s property market for the first quarter of 2025, posting the strongest increases in real estate values across multiple categories, according to the latest RICS Cyprus Property Price Index, prepared in collaboration with KPMG in Cyprus.
The data indicates that office spaces in Larnaca experienced the most notable surge in value, while residential properties—including apartments and single-family homes—also saw significant gains. This upward trend sets Larnaca apart from other districts, where property price growth remained more modest.
Commenting on the findings, Christophoros Anayiotos, Managing Director and Head of Real Estate and Land Development at KPMG Cyprus, noted that Larnaca continues to show resilience and momentum in its real estate sector. “The first quarter of 2025 reflects a general rise in property values in Larnaca, maintaining the district’s strong performance, while other areas saw more moderate increases,” he said.
In contrast, warehouse properties registered only marginal growth, and retail spaces—particularly shops—continued their downward trajectory, mirroring patterns observed in previous quarters.
These findings highlight Larnaca’s growing appeal among investors and property buyers, especially in the commercial and residential sectors, as the city solidifies its role as a key player in the island’s evolving real estate landscape.
Source: Cyprus Mail