Property Prices in Nicosia, Cyprus

Index Info
Price to Income Ratio: 5.84
Mortgage as Percentage of Income: 37.05%
Loan Affordability Index: 2.70
Price to Rent Ratio - City Centre: 15.57
Price to Rent Ratio - Outside of Centre: 12.96
Gross Rental Yield (City Centre): 6.42%
Gross Rental Yield (Outside of Centre): 7.72%
Rent Per Month
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Apartment (1 bedroom) in City Centre 537.20 € 450.00-700.00
Apartment (1 bedroom) Outside of Centre 457.39 € 400.00-600.00
Apartment (3 bedrooms) in City Centre 904.17 € 800.00-1,200.00
Apartment (3 bedrooms) Outside of Centre 780.20 € 650.00-1,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 164.57 € 111.48-232.26
Price per Square Feet to Buy Apartment Outside of Centre 117.29 € 83.61-167.22
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,298.80 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 2.48 2.00-3.50

These data are based on 220 entries in the past 18 months from 37 different contributors.
Last update: June 2021

Sources and References
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