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%
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

Get updated rental yields data for 75 countries

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.