The RICS Cyprus Real Estate Price Index for the 4th quarter of 2024 shows stabilization in the market. Either insignificant or zero growth was noted.
Price dynamics for 2024
- Apartments: +3.39%
- At home: +0.95%
- Retail premises: -0.21%
- Warehouses: +0.96%
- Offices: +1.74%
- Holiday apartments: +0.43%
- Holiday homes: +0.25%
The cost of renting real estate continued to rise, according to the RICS index.
- Apartments: +2.01%
- At home: +2.29%
- Retail premises: -1.08%
- Warehouses: +1.37%
- Offices: +4.05%
- Holiday apartments: -1.39%
- Holiday homes: +2.30%
Rental yields have remained virtually unchanged since last year.
Source: Cyprus Property News
