Property Prices in Larnaca, Cyprus

Index Info
Price to Income Ratio: 6.70
Mortgage as Percentage of Income: 44.20%
Loan Affordability Index: 2.26
Price to Rent Ratio - City Centre: 11.16
Price to Rent Ratio - Outside of Centre: 10.22
Gross Rental Yield (City Centre): 8.96%
Gross Rental Yield (Outside of Centre): 9.78%
Rent Per Month
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Apartment (1 bedroom) in City Centre 895.83 € 600.00-1,100.00
Apartment (1 bedroom) Outside of Centre 638.00 € 450.00-850.00
Apartment (3 bedrooms) in City Centre 1,561.54 € 900.00-3,000.00
Apartment (3 bedrooms) Outside of Centre 1,171.43 € 750.00-1,800.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 199.74 € 167.22-222.97
Price per Square Feet to Buy Apartment Outside of Centre 133.38 € 102.19-176.51
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,337.50 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 2.90 2.00-5.00

These data are based on 120 entries in the past 18 months from 22 different contributors.
Last update: November 2023

Sources and References
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