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.)
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.)
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.)
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

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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.