Gross rental yields in Cyprus: Limassol, Nicosia and Paphos
The average gross rental yield in Cyprus stands at 4.93% (Q2, 2023).
- Limassol
- Nicosia
- Paphos
| Last Updated: Aug. 23, 2023 | |||
| LIMASSOL - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Limassol (all locations) | |||
| 1-Bedroom | €290,000 | €1,400 | 5.79% |
| 2-Bedroom | €440,000 | €2,000 | 5.45% |
| 3-Bedroom | €795,000 | €2,500 | 3.77% |
| Limassol (all locations) avg. Rental Yields | 5.01% | ||
| NICOSIA - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Nicosia (all locations) | |||
| 1-Bedroom | €130,000 | €600 | 5.54% |
| 2-Bedroom | €205,000 | €800 | 4.68% |
| 3-Bedroom | €295,000 | €1,200 | 4.88% |
| Nicosia (all locations) avg. Rental Yields | 5.03% | ||
| PAPHOS - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Paphos (all locations) | |||
| 1-Bedroom | €195,000 | €800 | 4.92% |
| 2-Bedroom | €270,000 | €1,200 | 5.33% |
| 3-Bedroom | €450,000 | €1,500 | 4.00% |
| Paphos (all locations) avg. Rental Yields | 4.75% | ||
| 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 and Zyprus |
|||
Research Methodology: To conduct this research, we searched for studio, 1-bedroom, 2-bedroom, 3-bedroom, and 4-bedroom apartments in the largest cities of Cyprus. We used the local real estate listing website for both buying and renting prices to determine the average gross rental yields (Monthly Rent x 12 / Purchase Price).
For instance, if the monthly rent is €500 and the purchase price is €100,000, the calculation would be: €500 (Monthly Rent) x 12 / €100,000 (Purchase Price) = 6% (Gross Rental Yield).
