Cyprus property

Cyprus property

Off plan Investment in Cyprus
Home | Cyprus Information | Cyprus Properties | Buy To Let | Off Plan | 100% ROI * | Free Inspection Trip | Contact Us
About Cyprus | Weather | Property Law in Cyprus | Cyprus property news | Real Estate Agents Directory | Estate Directories
Property price and rent in Cyprus

A. Average Sale Prices for 2005*

  Cyprus Nicosia Limassol Larnaca Famagusta Paphos
Detached House 2bdr 121,000 137,000 136,000 104,000 102,000 132,000
Detached House 3 bdr 171,000 159,000 179,000 151,000 146,000 201,000
Detached House 4 bdr 283,000 301,000 304,000 249,000 248,000 324,000
Semi-detached 2 bdr 92,000 99,000 89,000 81,000 78,000 98,000
Semi-detached 3 bdr 117,000 130,000 128,000 112,000 99,000 118,000
Semi-detached 4 bdr 157,000 151,000 156,000 144,000 185,000 168,000
Studio 37,000 40,000 37,000 32,000 31,000 38,000
Apartment 1 bdr 41,000 44,000 41,000 36,000 35,000 43,000
Apartment 2 bdr 69,000 75,000 70,000 60,000 59,000 72,000
Apartment 3 bdr 81,000 86,000 73,000 69,000 67,000 85,000

* Based on  a sample of 1,000 properties across Cyprus. Prices rounded to the nearest thousand.

B. Average Rental Prices for 2005*

  Cyprus Nicosia Limassol Larnaca Famagusta Paphos
Studio 200 240 220 200 170 170
Apartment 1 bdr 240 300 250 240 200 210
Apartment 2 bdr 290 340 310 300 245 255
Apartment 3 bdr 355 400 360 350 290 300

* Based on  a sample of 1,000 properties across Cyprus. Houses are not included since they are not recommended for "buy to let" investment - annual rental return is usually less than 4%. Prices are rounded.

C. Average Annual Rental Return for 2005*

  Cyprus Nicosia Limassol Larnaca Famagusta Paphos
Studio 6.5% 7.2% 6.5% 6.7% 5.4% 4.7%
Apartment 1 bdr 7.0% 8.2% 6.7% 8.0% 6.5% 5.6%
Apartment 2 bdr 5.0% 5.5% 5.0% 6.0% 4.6% 4.3%
Apartment 3 bdr 5.3% 5.6% 5.9% 6.1% 5.2% 4.9%
Average 6.0% 6.7% 6.0% 6.7% 5.4% 4.9%

* Based on  data from table A & B above.

The conclusion is that 1 bedroom apartments offer the best annual return - an average of 7%. As far as towns Nicosia* & Larnaca** are leading with an average of 6.7% and  Paphos*** is last with 4.9%.

* Nicosia not only is the capital and the largest town in Cyprus but also has many universities and colleges that lead to an increase in demand for rental properties.

** Larnaca has good rental return due to the fact that the property prices are lower than other towns.

*** Paphos even though it has higher rental rates than Famagusta the rental return is lower due to the fact that properties in Paphos are more expensive.

For any questions and inquiries, don't hesitate to contact us now:
Marinos Kineyirou, Tel: +357-24652450, Fax +357-24658121, email: marinos@cyprus-property-info.com

Average rent/ROI in Cyprus | Cyprus Villas Directory | Sale Dhekelia | Sale Livadia Village | Golf Properties

Information about properties in Cyprus presented by Cyprus Property Info. Disclaimer.
Information contained herein is deemed accurate & correct, but no warranty is implied or given.
2001-2017 Cyprus-Property-Info.com, Inc. All Rights Reserved.