Small price increases were recorded across all property categories in Cyprus during the first quarter of 2026, according to the RICS Cyprus Property Price Index with KPMG in Cyprus.
Apartments slightly outperformed houses, demonstrating continued long-term resilience, while offices and holiday properties recorded similarly modest gains. Retail properties once again delivered the weakest performance.
Annual gains led by apartments
A year-on-year comparison shows apartments continuing to achieve the strongest performance, followed by houses and warehouses.
Annual price growth stood at:
- Apartments: 4.09%
- Houses: 3.60%
- Warehouses: 3.48%
- Offices: 2.91%
- Retail properties: 0.72%
Retail once again recorded the smallest increase among all property categories.
Limited quarterly changes
Price movements during the quarter were generally modest across both districts and property types.
Apartments remained the most stable segment, with Paphos and Famagusta recording the strongest increases, while Nicosia and Limassol posted more moderate gains.
Houses recorded selective growth, with increases in Famagusta and Limassol, while changes elsewhere were limited or non-existent.
Retail property values remained broadly stable, with small gains in Limassol and Famagusta and a slight decline in Paphos.
Warehouses and offices recorded only minor changes in Nicosia and Paphos.
Holiday properties remain resilient
Holiday properties continued to deliver positive returns, although growth was slower than in previous quarters.
The report highlights the resilience of holiday apartments in particular, reflecting the continued strong performance of the tourism sector.
Year-on-year growth reached:
- Holiday apartments: 3.66%
- Holiday homes: 2.42%
The generally stable trend points to sustained demand for holiday accommodation.
Famagusta recorded the strongest quarterly increase in holiday apartment prices at 1.28%, while Limassol led gains in holiday houses at 0.51%.
Larnaca recorded no increases in either category, while Paphos posted only marginal gains.
Rental prices continue to rise
Rental prices also continued their upward trajectory during the first quarter of 2026.
The strongest increase was recorded in apartments, with rents rising 5.10% year-on-year.
This was followed by:
- Offices: 3.03%
- Houses: 2.79%
- Retail properties: 0.66%
Property yields recorded only limited changes during the first three months of 2026 compared with the same period last year.
