Property Prices in Larnaca, Cyprus

Index Info
Price to Income Ratio: 8.89
Mortgage as Percentage of Income: 59.25%
Loan Affordability Index: 1.69
Price to Rent Ratio - City Centre: 12.82
Price to Rent Ratio - Outside of Centre: 12.67
Gross Rental Yield (City Centre): 7.80%
Gross Rental Yield (Outside of Centre): 7.89%
Rent Per Month
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Apartment (1 bedroom) in City Centre 857.91 £ 686.33-1,029.49
Apartment (1 bedroom) Outside of Centre 618.92 £ 428.96-772.12
Apartment (3 bedrooms) in City Centre 1,352.86 £ 772.12-2,402.15
Apartment (3 bedrooms) Outside of Centre 1,097.47 £ 686.33-1,587.14
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 210.55 £ 159.40-318.81
Price per Square Feet to Buy Apartment Outside of Centre 157.88 £ 107.60-223.17
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,115.29 £
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.02 2.50-3.50

These data are based on 113 entries in the past 18 months from 21 different contributors.
Last update: May 2024

Sources and References
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