May 2024

The cost of real estate in Cyprus has increased by 30% over the last three years, according to industry professionals interviewed by Phileleftheros. This is attributed to the rise in construction material and fuel costs. The cost of a residential property has increased from €1,800 per square meter in 2022 to €2,500 per square meter in early 2024, according to industry insiders. Apartment prices have also

Cyprus’ property market experienced price growth across most categories in the first quarter of 2024, according to the latest RICS Cyprus Property Price Index with KPMG in Cyprus. Apartments led the surge, with both sales and rental prices rising by around 10% year-on-year. Compared to the same period in 2023, apartment sales prices increased by 9.30%, while houses saw a more modest increase of 5.49%. Commercial