Property Prices in Larnaca, Cyprus

Index Info
Price to Income Ratio: 6.22
Mortgage as Percentage of Income: 39.98%
Loan Affordability Index: 2.50
Price to Rent Ratio - City Centre: 14.06
Price to Rent Ratio - Outside of Centre: 11.45
Gross Rental Yield (City Centre): 7.11%
Gross Rental Yield (Outside of Centre): 8.74%
Rent Per Month
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Apartment (1 bedroom) in City Centre 521.54 € 400.00-700.00
Apartment (1 bedroom) Outside of Centre 427.27 € 350.00-579.00
Apartment (3 bedrooms) in City Centre 905.85 € 700.00-1,200.00
Apartment (3 bedrooms) Outside of Centre 768.38 € 500.00-1,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 146.32 € 111.48-185.80
Price per Square Feet to Buy Apartment Outside of Centre 99.10 € 92.90-111.48
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,062.50 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 2.62 1.90-4.00

These data are based on 96 entries in the past 18 months from 18 different contributors.
Last update: June 2021

Sources and References
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