Cyprus Rental Yields are moderate, ranging from 3.8% to 5%
Residential Valuation Specialist | March 04, 2022
| Last Updated: Mar. 04, 2022 | |||||
| LARNACA - Apartments | COST (€) | YIELD (p.a.) | PRICE/SQ.M. (€) | ||
| TO BUY | MONTHLY RENT | TO BUY | MONTHLY RENT | ||
| 75 sq. m. | 246,870 | 791 | 3.85% | 3,292 | 10.55 |
| 120 sq. m. | 325,294 | 1,331 | 4.91% | 2,711 | 11.09 |
| LIMASSOL - Apartments | |||||
| 75 sq. m. | 390,315 | 1,616 | 4.97% | 5,204 | 21.55 |
| 120 sq. m. | 538,045 | 2,528 | 5.64% | 4,484 | 21.07 |
| 150 sq. m. | 835,686 | 2,702 | 3.88% | 5,571 | 18.01 |
| NICOSIA - Apartments | |||||
| 120 sq. m. | 266,042 | 1,111 | 5.01% | 2,217 | 9.26 |
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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: tospitimou Definitions: Data FAQ See also: Update Schedule |
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Property prices. Due to solid property demand, apartment prices in Cyprus have increased. During the third quarter of 2021, Cyprus property prices rose by 1 percent per quarter, according to the Central Bank of Cyprus.
Rental Yield:
Larnaca: the average cost of a 75 square metre (sq. m.) apartment is around EUR 3,000 and monthly rents tend to be around EUR 10 per square metre (sq. m.), earning a rental yield of 3.8%. You can generate a rental yield of 4.91% for a 120 square metre (sq. m.) apartment that costs EUR 2,000 and EUR 11 per square metre (sq. m.) per month..
Limassol: the average price of an apartment is between the range of EUR 4,000 to EUR 5,000, generating a rental yield of 3.88% for a 150 square metre (sq. m.) apartment and approximately 5.64% rental yield for a 120 square metre (sq. m.) apartment. Smaller apartments will earn proportionally higher rental returns.
Nicosia: the cost of a 120 square metre (sq. m.) apartment is approximately EUR 2,000 per square metre (sq. m.) and EUR 9.26 per square metre (sq. m.) per month generating a rental yield of 5%. Gross rental yields here are higher than in Larnaca.
Property rents. A 120 square metre (sq. m.) apartment in Larnaca, Limassol, and Nicosia costs around EUR 1,000 to EUR 2,000 per month to rent. If you are looking for a buy–to-let property in Cyprus, Limassol apartments will give you a higher yield.
Over the years, gross rental yields in Cyprus have remained steady. Buying prices are low and capital gains seem possible.
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
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