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Larnaca Leads Cyprus Real Estate Surge in Q1 2025 as Property Values Soar

by THEFUTURE.TEAM

June 11, 2025

Larnaca has firmly established itself as a dominant force in the Cyprus real estate market, registering the highest property value increases in the first quarter of 2025. According to the latest RICS Cyprus Property Price Index, compiled in collaboration with KPMG Cyprus, the city has outperformed other districts with significant advances across several property categories.

Market Overview and Key Trends

Christophoros Anayiotos, Managing Director and Head of Real Estate and Land Development at KPMG Cyprus, noted that Larnaca recorded the strongest gains in office spaces, followed closely by residential properties, including apartments and houses. These gains outpaced more modest increases observed in other regions such as Nicosia, Limassol, Paphos, and Famagusta, which displayed varied growth profiles.

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Notably, while warehouses experienced minimal quarterly gains, commercial properties—particularly retail outlets—continued their downward trend, mirroring patterns from previous quarters. In sharp contrast, apartments in Larnaca registered the most notable quarterly and annual growth across all sectors.

Rental Market Dynamics and Yield Stability

The rental market in Cyprus also showed upward momentum, with office spaces leading the surge in rental prices, followed by apartments and houses. Even holiday properties experienced modest rental increases, though retail rental prices declined, reinforcing the subdued performance of commercial sales observed in the overall market.

Yields across the property types remained broadly stable, with office properties showing the only significant variation. This stability suggests a resilient market response amid evolving economic conditions.

Economic Resilience Amid Global Uncertainty

Chief Economist Simon Rubinsohn of RICS has underscored the relative stability of the Cypriot property market in the face of global economic challenges. He observed, “The Cypriot economy has so far remained resilient despite rising geopolitical tensions,” while cautioning that increased global macroeconomic uncertainty could set the stage for a more challenging policy environment.

Conclusion

Despite the complexities of the global economic landscape, the evidence from Q1 2025 confirms that Larnaca continues to be the market leader in Cyprus real estate. With robust growth in both sales and rentals, driven by high demand in offices, apartments, and houses, Larnaca is set to remain the focal point for investors and stakeholders looking for stable, long-term returns in an uncertain global market.

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Cyprus Emerges As A Leading Household Consumer In The European Union

by THEFUTURE.TEAM

June 30, 2025

Overview Of Eurostat Findings

A recent Eurostat survey, which adjusts real consumption per capita using purchasing power standards (PPS), has positioned Cyprus among the highest household consumers in the European Union. In 2024, Cyprus recorded a per capita expenditure of 21,879 PPS, a figure that underscores the country’s robust material well-being relative to other member states.

Comparative Consumption Analysis

Luxembourg claimed the top spot with an impressive 28,731 PPS per inhabitant. Trailing closely were Ireland (23,534 PPS), Belgium (23,437 PPS), Germany (23,333 PPS), Austria (23,094 PPS), the Netherlands (22,805 PPS), Denmark (22,078 PPS), and Italy (21,986 PPS), with Cyprus rounding out this elite group at 21,879 PPS. These figures not only highlight the high expenditure across these nations but also reflect differences in purchasing power and living standards across the region.

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Contrasting Trends In Household Spending

The survey also shed light on countries with lower household spending levels. Hungary and Bulgaria reported the smallest average expenditures, at 14,621 PPS and 15,025 PPS respectively. Meanwhile, Greece and Portugal recorded 18,752 PPS and 19,328 PPS, respectively. Noteworthy figures from France (20,462 PPS), Finland (20,158 PPS), Lithuania (19,261 PPS), Malta (19,622 PPS), Slovenia (18,269 PPS), Slovakia (17,233 PPS), Latvia (16,461 PPS), Estonia (16,209 PPS), and the Czech Republic (16,757 PPS) further illustrate the disparate economic landscapes within the EU. Spain’s figure, however, was an outlier at 10,899 PPS, suggesting the need for further data clarification.

Growth Trends And Economic Implications

Eurostat’s longitudinal analysis from 2019 to 2024 revealed that Croatia, Bulgaria, and Romania experienced the fastest annual increases in real consumer spending, each growing by at least 3.8%. In contrast, five member states, with the Czech Republic experiencing the largest drop at an average annual decline of 1.3%, indicate a varied economic recovery narrative across the continent.

This comprehensive survey not only provides valuable insights into current household consumption patterns but also offers a robust framework for policymakers and business leaders to understand economic shifts across the EU. Such data is integral for strategic decision-making in markets that are increasingly defined by evolving consumer behavior and regional economic resilience.