Quarterly Market Update for Larnaca — Summer 2026

This article is updated periodically to reflect the current market situation in Larnaca. The following data is accurate as of the publication date.

Prices - Continuing a Moderate Upward Trend

Apartment prices in Larnaca range around €2,100-€2,400 per square meter on average, with a forecast for a gradual increase towards €2,300-€2,600 by the end of 2026. Larnaca continues to show a faster rate of increase than Limassol, particularly in the Mackenzie and Drosia areas (estimated annual increase of 6%-8%).

Tourism - Recovery After a Record Year

After the historic peak year of 2025 (approximately 13.75 million passengers at both airports in Cyprus), 2026 shows some moderation (a decrease of about 10% in tourist arrivals in the first half of the year) - a reasonable phenomenon of adjustment after a peak, not necessarily a trend of ongoing decline.

Development Momentum - In Full Swing

The port and marina upgrade plan (€415 million) is progressing, with initial maintenance upgrades expected by September 2026. The urban renewal initiative (60+ projects, over €180 million) is also ongoing - the upgrade project for the Alekis and Acropolis squares is in its fourth and final stage.

Taxation - Positive Changes for Investors

2026 has brought about a complete cancellation of the stamp duty on purchase and rental contracts, and the cancellation of the SDC levy on rental income - two changes that reduce the overall tax burden on investors.

Residency Pathway - Stable and Competitive

While Spain has canceled its golden visa program and Portugal has significantly reduced its real estate pathway, Cyprus continues to offer a stable and accessible pathway (€300,000, 2-3 months processing) - an increasingly competitive advantage.

What Does This Mean for Investors?

The combination of moderately rising prices, advancing infrastructure momentum, and improving taxation continues to support a cautiously positive outlook for the Larnaca market - while keeping an eye on actual developments.