Limassol continues to dominate the office rental market in Cyprus, with rates averaging €29 per square meter, significantly higher than Nicosia’s €13 per square meter. According to a report by Landbank Analytics, Limassol accounts for nearly 70% of available office spaces, reflecting its status as a business hub. The analysis, based on real estate platform data from January 2025, provides a comprehensive view of trends in office, retail, and warehouse rentals.
Property Market Stability
The Cyprus property market exhibited signs of stabilization in Q4 2024, according to the RICS Cyprus Property Price Index by KPMG Cyprus. The report highlighted moderate growth across all property categories, with warehouses experiencing the highest quarterly increase. Apartments, however, maintained the most consistent annual price growth, reflecting strong demand in the sector.
Source: Cyprus Mail