Cyprus House Prices, Rents & Rental Yields (2026)
How much property costs in Cyprus, what it rents for and how that compares with neighbouring markets in Western Asia. City-centre prices per m² rank 3 of 10 in this comparison; gross yields rank 3 of 10.
- Apartment price per m² (city centre)
- $3,682
- 2023
- Apartment price per m² (outside centre)
- $1,902
- 2022
- Gross rental yield (city centre)
- 6.9%
- 2024
- Price-to-income ratio
- 8.1
- 2024
- Rent: 1-bedroom, city centre
- $1,215/mo
- 2023
- Mortgage interest rate (20-year fixed)
- 4.3%
- 2023
Price and rent trends in Cyprus
Latest property market indicators
| Indicator | Value | Year | Change | Source |
|---|---|---|---|---|
| Apartment price per m² (city centre)Average asking price per square metre to buy an apartment in city centres | $3,682 | 2023 | +44.3% vs 2022 | Numbeo |
| Apartment price per m² (outside centre)Average price per square metre to buy an apartment outside city centres | $1,902 | 2022 | +6.1% vs 2021 | Numbeo |
| Price-to-income ratioMedian apartment price divided by median annual disposable family income | 8.1 | 2024 | +19.1% vs 2023 | Numbeo |
| Gross rental yield (city centre)Annual rent as a percentage of purchase price, city-centre apartments | 6.9% | 2024 | -2.5 pp vs 2023 | Numbeo |
| Price-to-rent ratio (city centre)Purchase price divided by annual rent, city-centre apartments | 14.5 | 2024 | +35.5% vs 2023 | Numbeo |
| Rent: 1-bedroom, city centreAverage monthly rent of a one-bedroom apartment in the city centre | $1,215/mo | 2023 | +17.7% vs 2022 | Numbeo |
| Rent: 1-bedroom, outside centreAverage monthly rent of a one-bedroom apartment outside the centre | $947/mo | 2023 | +22.3% vs 2022 | Numbeo |
| Rent: 3-bedroom, city centreAverage monthly rent of a three-bedroom apartment in the city centre | $2,055/mo | 2023 | +2.6% vs 2022 | Numbeo |
| Rent: 3-bedroom, outside centreAverage monthly rent of a three-bedroom apartment outside the centre | $1,710/mo | 2023 | +9.0% vs 2022 | Numbeo |
| Mortgage interest rate (20-year fixed)Average yearly mortgage interest rate, 20-year fixed | 4.3% | 2023 | +1.3 pp vs 2022 | Numbeo |
| Home ownership rateShare of owner-occupied dwellings | 68.8% | 2024 | ±0.0 pp vs 2023 | Trading Economics |
Year-by-year data
| Year | Apartment price per m² (city centre) | Apartment price per m² (outside centre) | Price-to-income ratio | Gross rental yield (city centre) | Price-to-rent ratio (city centre) | Rent: 1-bedroom, city centre | Rent: 1-bedroom, outside centre | Rent: 3-bedroom, city centre | Rent: 3-bedroom, outside centre | Mortgage interest rate (20-year fixed) | Home ownership rate |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | — | — | 8.1 | 6.9% | 14.5 | — | — | — | — | — | 68.8% |
| 2023 | $3,682 | — | 6.8 | 9.4% | 10.7 | $1,215/mo | $947/mo | $2,055/mo | $1,710/mo | 4.3% | 68.8% |
| 2022 | $2,551 | $1,902 | 6.4 | 7.0% | 14.3 | $1,032/mo | $774/mo | $2,003/mo | $1,570/mo | 3.0% | 69.6% |
| 2021 | $2,621 | $1,793 | 7.1 | 6.8% | 14.7 | $853/mo | $697/mo | $1,415/mo | $1,165/mo | 2.6% | 69.8% |
| 2020 | $1,852 | $1,385 | 8.2 | 6.2% | 16.2 | $673/mo | $547/mo | $1,122/mo | $930/mo | 2.3% | 68.6% |
| 2019 | $2,076 | $1,745 | 7.2 | 6.2% | 16.1 | $709/mo | $579/mo | $1,216/mo | $985/mo | 3.1% | 67.9% |
| 2018 | $2,651 | $1,905 | 5.3 | 5.5% | 18.3 | $722/mo | $585/mo | $1,227/mo | $955/mo | 3.6% | 70.1% |
| 2017 | $1,935 | $1,392 | 5.2 | 4.9% | 20.4 | $562/mo | $430/mo | $933/mo | $685/mo | 4.2% | 70.7% |
Cyprus compared with Western Asia
| Country | Apartment price per m² (city centre) | Gross rental yield (city centre) | Price-to-income ratio | Mortgage interest rate (20-year fixed) |
|---|---|---|---|---|
| Cyprus | $3,682 | 6.9% | 8.1 | 4.3% |
| Armenia | $3,156 | 6.3% | 17 | 13.8% |
| Azerbaijan | $1,700 | 5.3% | 14.4 | 9.1% |
| Georgia | $1,577 | 8.5% | 13 | 11.8% |
| Iraq | $1,202 | 6.4% | 8 | — |
| Israel | $12,224 | 3.2% | 14.2 | 5.1% |
| Jordan | $903 | 5.7% | 7.5 | 8.0% |
| Kuwait | $6,239 | 3.5% | 7.7 | — |
| Lebanon | $3,450 | 4.8% | 27.4 | — |
| Oman | $1,786 | 7.2% | 3.1 | 4.9% |
Related
- Properties for sale in Cyprus (74,226)
- Mortgages in Cyprus for foreigners
- Cyprus market overview
- Tax rates in Cyprus
Prices, rents, yields and mortgage rates: Numbeo (crowd-sourced, national averages of city data). Values in US dollars.