RICS Cyprus Property Price Index
The RICS Cyprus Property Index is the longest-running independent index of the Cyprus property market. It has been compiled quarterly since 2016 from valuations by RICS-qualified surveyors across six areas — Nicosia, Limassol, Larnaca, Paphos, Famagusta-Paralimni and Cyprus as a whole — and seven property types, from apartments and houses to offices, retail and warehouses.
Latest quarter
2026Q2
reporting period
Avg price index
173.6
base 100 = Q4 2016
Avg rent index
237.9
base 100 = Q4 2016
Gross yield
5.5%
annualised
Price/m² index
173.7
base 100 = Q4 2016
Rent/m² index
238.0
base 100 = Q4 2016
Price & rental index — Cyprus, Apartments
Base 100 = 2016Q3 · quarterly · Source: RICS Cyprus Property Index — 2026Q2 · axiavaluers.com
The index tracks the value of a "notional property" with fixed characteristics in each area — for example a two-bedroom, 84.5 sqm apartment of medium quality — so movements reflect genuine market change rather than shifts in the mix of properties sold. All series are rebased to 100 and show relative change, not absolute prices.
The notional properties
| Property type | Description | Size | Quality |
|---|---|---|---|
| Apartments | Two bedroom apartment | 84.5 sqm | Medium quality |
| Holiday Apartments | Two bedroom apartment (same as Apartments) | 84.5 sqm | Medium quality |
| Houses | Three bedroom, semi-detached, with garden | 250 sqm | Medium quality |
| Holiday Houses | Three bedroom, semi-detached, with garden (same as Houses) | 250 sqm | Medium quality |
| Offices | Grade A, city centre location | 200 sqm | Grade A |
| Retail | High-street retail, ground floor + mezzanine | 100 sqm GF + 50 sqm mezzanine at 1/3 = 116.67 sqm | High street |
| Warehouses | Light industrial unit with office space, not divided | 2,000 sqm (the 200 sqm office is not added) | Industrial |
Holiday apartments and holiday houses are the same notional property as apartments and houses respectively — only the location differs, not the property. For retail, the mezzanine counts at one third of the ground floor (50 sqm ÷ 3), giving an effective 116.67 sqm. The warehouse is not divided: the index measures against the 2,000 sqm industrial area, and the 200 sqm of office space is not added to it.
How to use the dashboard
Pick an area, property type and quarter. The tabs show the price and rental index, average price and rent, value and rent indices per square metre, gross yield and annual changes. The price-change calculator returns the cumulative and annualised change of the index between any two quarters — a practical tool for valuation reports, rent reviews and investment analysis.