Cyprus Rental Momentum, Five Asset Classes
Cyprus apartment rents rose 5.03% in the year to 2025-Q4 — more than five times the eurozone consumer-price-inflation rate over the same window. The single-quarter picture is more granular: Paphos office rents jumped 3.63%, Limassol house rents 2.20%, while retail across the island held flat. Rental movement matters for foreign property buyers in three ways. Golden Visa-eligible investments often require demonstrable rental cashflow for tax-residency optimization. The rent-to-price ratio (gross yield) is the leading indicator of whether a market is asking too much. And rental growth is a more honest signal of demand than listing-price growth, which can lag by a full year. Which Cypriot asset class is re-pricing fastest right now?
Quarter-on-quarter movement, asset × district
Each cell shows the 2025-Q4 quarter-on-quarter rental index change for one asset class in one district. Three standouts this quarter: Paphos office +3.63% (the strongest single cell in the matrix), Limassol houses +2.20%, and Paphos warehouse −0.33% (the only meaningful negative).
| Asset class | Limassol | Nicosia | Paphos | Larnaca | Famagusta-R |
|---|---|---|---|---|---|
| Apartments | +1.04% | +0.56% | +0.27% | +0.31% | +0.21% |
| Houses | +2.20% | +0.48% | +0.56% | +0.41% | 0.00% |
| Offices | +1.63% | 0.00% | +3.63% | +2.38% | +1.55% |
| Retail | +0.62% | 0.00% | 0.00% | +0.25% | 0.00% |
| Warehouse | +3.33% | 0.00% | -0.33% | +1.94% | +1.92% |
Cell colour scales with magnitude (green = positive, red = negative, neutral grey below ±0.5pp). Hover a cell for the exact figure. Source: RICS Cyprus + KPMG Cyprus, joint quarterly publication (2025-Q4).
Limassol
- Apartments+1.04%
- Houses+2.20%
- Offices+1.63%
- Retail+0.62%
- Warehouse+3.33%
Nicosia
- Apartments+0.56%
- Houses+0.48%
- Offices0.00%
- Retail0.00%
- Warehouse0.00%
Paphos
- Apartments+0.27%
- Houses+0.56%
- Offices+3.63%
- Retail0.00%
- Warehouse-0.33%
Larnaca
- Apartments+0.31%
- Houses+0.41%
- Offices+2.38%
- Retail+0.25%
- Warehouse+1.94%
Famagusta-R
- Apartments+0.21%
- Houses0.00%
- Offices+1.55%
- Retail0.00%
- Warehouse+1.92%
Q/Q % change by asset class within each district, 2025-Q4. Source: RICS Cyprus + KPMG Cyprus.
National year-on-year by asset class
Cyprus-aggregate Y/Y change for 2025-Q4, sorted descending. Retail is the country's clear laggard at +0.62% YoY — barely above zero and well below the 2-3% eurozone CPI band. Everything else outpaces inflation by 2-3 percentage points.
Year-on-year % change in the Cyprus national rental index per asset class, 2025-Q4. The dashed line marks the eurozone CPI midpoint (~2.2%); bars above it outpace inflation. Source: RICS Cyprus + KPMG Cyprus.
Methodology
RICS Cyprus and KPMG Cyprus jointly publish the Cyprus Property Index quarterly; the 2025-Q4 release (published March 2026) is the source for everything on this page. The publication surveys a panel of property professionals on recently transacted rental values, weighted by district transaction volume. Coverage: five asset classes (apartments, houses, offices, retail, warehouse) × five government-controlled districts (Limassol, Nicosia, Paphos, Larnaca, Famagusta-Republic) + a national aggregate per class. What we surface here is rental price-index movement — year-on-year for the national series, quarter-on-quarter for the district series. What we don't surface: absolute €/m²/month rents and gross-yield percentages. RICS/KPMG don't publish either at this granularity in their public release, so we don't infer them.
District breakdown
Three Q4 2025 standouts at the asset-class level. Paphos office space led the country at +3.63% quarter-on-quarter — the strongest single move in the 25-cell district-by-asset matrix, and consistent with Paphos's accelerating remote-worker / boutique-business influx since 2023. Limassol houses came second at +2.20%, in line with the coastal-tower demand surge our price-index page documents. Warehouses split sharply: Cyprus-national warehouse rents slipped −0.33% as Paphos dragged the average down, but Limassol industrial space climbed +3.33% over the same quarter. The national year-on-year picture is cleaner: apartments +5.03%, houses +4.63%, offices +4.22%, warehouse +4.11%, retail just +0.62%.
What this page is, and what it is not
This page is a rental-momentum surface, not a yield calculator. It tells you how rents moved last quarter and last year — not what they currently are in absolute €/m²/month, and not what gross yield you'd see on a specific property type in a specific district. RICS/KPMG doesn't publish either at this granularity, and we don't infer them. Premium-tier work (later) layers asking-vs-transaction yield estimates on top of the price-index page's three macro sources.
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