Property Prices in Paphos, Cyprus

Index Info
Price to Income Ratio: 5.48
Mortgage as Percentage of Income: 40.78%
Loan Affordability Index: 2.45
Price to Rent Ratio - City Centre: 11.29
Price to Rent Ratio - Outside of Centre: 13.18
Gross Rental Yield (City Centre): 8.86%
Gross Rental Yield (Outside of Centre): 7.59%
Rent Per Month
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Apartment (1 bedroom) in City Centre 749.52 £ 514.66-1,029.32
Apartment (1 bedroom) Outside of Centre 548.52 £ 385.99-771.99
Apartment (3 bedrooms) in City Centre 1,392.60 £ 1,115.09-1,801.30
Apartment (3 bedrooms) Outside of Centre 1,104.37 £ 857.76-1,715.53
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 173.97 £ 99.61-352.94
Price per Square Feet to Buy Apartment Outside of Centre 154.32 £ 59.77-294.53
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,611.31 £
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.26 3.00-6.00

These data are based on 136 entries in the past 18 months from 31 different contributors.
Last update: April 2024

Sources and References
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1 Comments so far
James Hamilton-Bird on Jan 18, 2022:
My first property in Paphos was for a 2 bed semi-detached with a bathroom and open-plan kitchen and lounge leading to the garden terrace. It was in 1984 and cost me £ 16 thousand CYPRIOT POUNDS. This was before the change to Euros. My English Wife went on holiday there when I was working in Dubai, which was common practise for Expats in the Summer heat. She decided to move in with the owner of a local Coffee shop and take our 4-year-old Son with her. After years of travelling backwards and forwards, I sold the property. Today at 77 years of age I am now looking for a property to spend the rest of my life in, I have remarried to an Arabic Speaker and I am much happier than before