Property Prices in Larnaca, Cyprus

Index Info
Price to Income Ratio: 9.72
Mortgage as Percentage of Income: 64.79%
Loan Affordability Index: 1.54
Price to Rent Ratio - City Centre: 12.84
Price to Rent Ratio - Outside of Centre: 12.74
Gross Rental Yield (City Centre): 7.79%
Gross Rental Yield (Outside of Centre): 7.85%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,000.00 € 800.00-1,200.00
Apartment (1 bedroom) Outside of Centre 723.33 € 500.00-900.00
Apartment (3 bedrooms) in City Centre 1,571.43 € 900.00-2,800.00
Apartment (3 bedrooms) Outside of Centre 1,259.29 € 800.00-1,850.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 245.42 € 185.80-371.61
Price per Square Feet to Buy Apartment Outside of Centre 184.02 € 125.42-260.13
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,188.89 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.02 2.50-3.50

These data are based on 119 entries in the past 18 months from 22 different contributors.
Last update: May 2024

Sources and References
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