Cyprus Rental Yields are moderate, ranging from 3.8% to 5%
Residential Valuation Specialist | November 09, 2022
| Last Updated: Sept. 24, 2022 | |||
| LIMASSOL - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Limassol (all locations) | |||
| 1-Bedroom | €260,000 | €900 | 4.15% |
| 2-Bedroom | €390,000 | €1,300 | 4.00% |
| 3-Bedroom | €730,000 | €2,500 | 4.11% |
| 4+Bedroom | €1,300,000 | €3,500 | 3.23% |
| Limassol (all locations) avg. Rental Yields | 3.87% | ||
| NICOSIA - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Nicosia (all locations) | |||
| 1-Bedroom | €145,000 | €540 | 4.47% |
| 2-Bedroom | €220,000 | €720 | 3.97% |
| 3-Bedroom | €295,000 | €1,000 | 4.07% |
| 4+Bedroom | €557,500 | €2,200 | 4.74% |
| Nicosia (all locations) avg. Rental Yields | 4.30% | ||
| PAPHOS - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Paphos (all locations) | |||
| 1-Bedroom | €143,000 | €700 | 5.87% |
| 2-Bedroom | €200,000 | €1,250 | 7.50% |
| 3-Bedroom | €349,500 | €1,275 | 4.38% |
| Paphos (all locations) avg. Rental Yields | 5.92% | ||
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All yields are gross - i.e., before taxes, repair costs, ground rents, estate agents fees, and any other costs. Net yields (what you´ll really earn) are typically around 1.5% to 2% lower. Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule |
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Due to solid property demand, apartment prices in Cyprus have increased. During the third quarter of 2021, Cyprus property prices rose by 1% per quarter, according to the Central Bank of Cyprus.
Limassol: the average cost of a two-bedroom apartment is around EUR 390,000 and monthly rents tend to be around EUR 1,300, earning a rental yield of 4.00%. The cities average rental yield is 3.87%.
Paphos: the average price of a two-bedroom apartment is around EUR 200,000 with an average rent of around EUR 1,250 which generates a rental yield of 7.50%. Smaller apartments tend to earn higher rental returns. The average rental yield sits at 5.92%.
Nicosia: the cost of a two-bedroom apartment is approximately EUR 220,000 with a rent price of EUR 720 per month generating a rental yield of 3.93%. Average gross rental yield is 4.30%.
Round trip transaction costs are moderate on residential property in Cyprus. See our Cyprus residential property buying-guide.
Cyprus - More data and information
- How expensive are houses in Cyprus, compared to the rest of Europe?
- Property prices in Cyprus. Graph of house price trends in Cyprus
- How much rent can be earned from Cypriots property, compared to the rest of Europe?
- How much tax must foreign owners pay when they rent out their Cypriots property?
- Where to by property in Cyprus