Property Prices in Cyprus

Index Info
Price to Income Ratio: 8.09
Mortgage as Percentage of Income: 56.74%
Loan Affordability Index: 1.76
Price to Rent Ratio - City Centre: 14.66
Price to Rent Ratio - Outside of Centre: 14.06
Gross Rental Yield (City Centre): 6.82%
Gross Rental Yield (Outside of Centre): 7.11%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 870.01 € 527.80-1,600.00
Apartment (1 bedroom) Outside of Centre 667.04 € 450.00-1,200.00
Apartment (3 bedrooms) in City Centre 1,628.66 € 950.00-3,000.00
Apartment (3 bedrooms) Outside of Centre 1,303.97 € 800.00-2,200.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 263.27 € 176.51-464.51
Price per Square Feet to Buy Apartment Outside of Centre 197.49 € 125.42-343.37
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,532.07 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.58 2.50-5.00

These data are based on 733 entries in the past 18 months from 137 different contributors.
Last update: February 2024
Our data for each country are based on all entries from all cities in that country.

Sources and References

By City in Cyprus

Rank
City
Price To Income Ratio
Gross Rental Yield City Centre
Gross Rental Yield Outside of Centre
Price To Rent Ratio City Centre
Price To Rent Ratio Outside Of City Centre
Mortgage As A Percentage Of Income
Affordability Index
Larnaca 7.9 8.0 8.1 12.4 12.3 51.9 1.9
Limassol 10.1 7.8 8.0 12.9 12.5 72.9 1.4
Nicosia 7.3 6.1 5.8 16.4 17.1 50.1 2.0
Paphos 6.7 8.5 7.3 11.7 13.7 49.9 2.0
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