Property Prices in Nicosia, Cyprus

Index Info
Price to Income Ratio: 5.29
Mortgage as Percentage of Income: 33.85%
Loan Affordability Index: 2.95
Price to Rent Ratio - City Centre: 13.35
Price to Rent Ratio - Outside of Centre: 12.71
Gross Rental Yield (City Centre): 7.49%
Gross Rental Yield (Outside of Centre): 7.87%
Rent Per Month
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Apartment (1 bedroom) in City Centre 529.20 € 450.00-650.00
Apartment (1 bedroom) Outside of Centre 452.80 € 400.00-600.00
Apartment (3 bedrooms) in City Centre 895.45 € 800.00-1,200.00
Apartment (3 bedrooms) Outside of Centre 783.26 € 650.00-1,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 139.35 € 111.48-185.80
Price per Square Feet to Buy Apartment Outside of Centre 114.58 € 83.61-167.22
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,290.99 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 2.56 2.00-4.00

These data are based on 230 entries in the past 18 months from 39 different contributors.
Last update: January 2021

Sources and References
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