Property Prices Comparison Between Cyprus and United States

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Index	Cyprus	United States
Price to Income Ratio:	8.23	3.52
Mortgage as Percentage of Income:	58.69%	31.69%
Loan Affordability Index:	1.70	3.16
Price to Rent Ratio - City Centre:	13.97	9.45
Price to Rent Ratio - Outside of Centre:	13.32	9.28
Gross Rental Yield (City Centre):	7.16%	10.58%
Gross Rental Yield (Outside of Centre):	7.50%	10.77%

Rent Per Month	Cyprus Edit	United States Edit	Difference
Apartment (1 bedroom) in City Centre	915.83 € (996.87 $)	1,624.65 € (1,768.42 $)	+77.4 %
Apartment (1 bedroom) Outside of Centre	695.78 € (757.35 $)	1,337.90 € (1,456.29 $)	+92.3 %
Apartment (3 bedrooms) in City Centre	1,676.54 € (1,824.90 $)	2,734.10 € (2,976.04 $)	+63.1 %
Apartment (3 bedrooms) Outside of Centre	1,358.51 € (1,478.73 $)	2,219.19 € (2,415.56 $)	+63.4 %
Buy Apartment Price	Cyprus Edit	United States Edit
Price per Square Feet to Buy Apartment in City Centre	261.24 € (284.36 $)	302.25 € (328.99 $)	+15.7 %
Price per Square Feet to Buy Apartment Outside of Centre	195.09 € (212.35 $)	242.82 € (264.31 $)	+24.5 %
Salaries And Financing	Cyprus Edit	United States Edit
Average Monthly Net Salary (After Tax)	1,492.67 € (1,624.75 $)	4,163.33 € (4,531.74 $)	+178.9 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	3.78	6.57	+73.7 %
Last update:	May 2024	May 2024
Contributors in the past 12 months:	135	6330

Country data (source The World Bank, 2024)	Cyprus	United States
GDP Per Capita (PPP) ($) :	45,000.00	64,600.00
GDP Growth Rate:	5.06	1.94
Population Growth Rate:	1.00	0.68

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