Cyprus Real Estate Holds Steady: Q4 2024 RICS Index Signals Resilience Amid Select Shifts

by THEFUTURE.TEAM

February 25, 2025

The latest edition of the “RICS Cyprus Property Price Index with KPMG in Cyprus” for Q4 2024 reveals a market in balance. KPMG in Cyprus reports that, overall, property prices have stabilized—a trend that has persisted over recent quarters—even as select segments exhibit modest shifts.

Stable Prices Across Most Segments

According to Christophoros Anayiotos, Board Member and Head of the Real Estate Industry Group at KPMG in Cyprus, the Index shows minimal changes across most asset categories. In key markets like Limassol, Larnaca, and Famagusta, property prices remain steady, while retail values experienced a slight dip. Notably, warehouses and apartments in Paphos and Nicosia registered some pricing adjustments, highlighting localized market dynamics.

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Rental Markets On The Rise

In contrast to the stable sales prices, rental values continue to trend upward. Offices have seen a significant surge in rents, with residential leases also on the rise. Conversely, rental rates for shops and holiday apartments have softened. Despite these shifts, overall property yields have experienced only marginal fluctuations—an indicator that the market is gradually rebalancing itself.

A Global Perspective Amid Local Resilience

RICS Chief Economist Simon Rubinsohn notes that the subdued movement in the Cyprus Property Price Index aligns with trends captured by the RICS Commercial Property Monitor. Investment inquiries and foreign buyer interest appear to be leveling off, even as a resilient macroeconomic environment continues to support the market amid geopolitical uncertainties.

Looking Ahead: Strategic Stability And Diversification

As Cyprus navigates an increasingly complex international landscape, the stability in its real estate market offers a silver lining for investors and policymakers alike. The Index not only underscores the sector’s steady performance but also highlights the selective shifts—such as in warehouses and apartments—that may signal evolving investor preferences and market segmentation.

In summary, Cyprus’ real estate market remains robust, characterized by stable prices and rising rental income, even as certain asset classes experience localized changes. This resilience, combined with a balanced yield profile, positions Cyprus favorably as the nation continues to attract both domestic and international investment.

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Lithuania And Cyprus Forge Enhanced Partnership In Tourism And Defence

by THEFUTURE.TEAM

May 22, 2026

Expanding Cooperation Beyond The Surface

Kristupas Vaitiekūnas highlighted opportunities for closer cooperation between Lithuania and Cyprus during his visit to Nicosia for the informal ECOFIN meeting. Speaking to the Cyprus News Agency, the Lithuanian finance minister said both countries share common challenges and could expand collaboration in areas including tourism, defence and financial services.

Addressing Shared Challenges

Finance Minister Kristupas Vaitiekūnas said Lithuania and Cyprus face similar security and economic pressures despite their geographic differences. Particular attention was given to emerging security threats, including drone-related risks, alongside the importance of maintaining resilient financial sectors. According to Vaitiekūnas, stronger coordination in those areas could deliver long-term economic and strategic benefits for both countries.

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Focus On Fiscal Stability And Energy Security

Discussions at the ECOFIN meeting are expected to focus on Europe’s economic outlook, energy market volatility and fiscal stability. Kristupas Vaitiekūnas warned that instability in the Middle East could continue affecting oil markets and broader economic performance across Europe. Housing affordability was also identified as a growing challenge, with rising property prices in cities such as Vilnius reflecting broader pressures seen across European markets.

Coordinated Energy Strategy And Future Investments

The Lithuanian finance minister also called for a more coordinated European approach to energy and economic resilience. Vaitiekūnas suggested that targeted and temporary policy measures could prove more effective than large-scale structural reforms in addressing short-term pressures. Lithuania continues to increase investment in renewable energy generation and storage infrastructure as part of efforts to strengthen energy independence and begin producing surplus electricity by 2028.

Support For Ukraine And Enhancing Defence Funding

Finance Minister Kristupas Vaitiekūnas reaffirmed Lithuania’s support for Ukraine, describing the war as a broader struggle tied to European security and democratic values. He also backed accelerating Ukraine’s accession process to the European Union, arguing that deeper integration would strengthen regional stability and economic prosperity. Vaitiekūnas welcomed the EU’s SAFE programme, which is expected to support Lithuania’s defence capabilities while contributing additional assistance to Ukraine.

Looking Ahead To A More Unified Europe

Addressing the European Union’s future budget framework, Kristupas Vaitiekūnas said increased funding for security and defence represented a positive development. At the same time, he warned that reductions in cohesion funding and agricultural support could negatively affect purchasing power and long-term European unity. Lithuania is expected to place continued emphasis on Ukraine and regional security ahead of its upcoming EU Council Presidency in early 2027.

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