Cyprus Mail

Housing: How Cyprus fares compared to rest of Europe

apartment 422231 960 720

At the end of last year Eurostat published comparative rents, with our own contribution, for apartments and houses in the capitals of various countries in Europe.

The following refers to the more popular housing areas and good quality, though not luxury, apartments and houses of an average age of up to 10 years old.


table 1

By comparison Cyprus ranks quite well as can be seen from the above table:

  • Nicosia ranks third in rent levels after Ankara and Sofia
  • Rent trends for 2022/2021 are on par with Brussels and better compared to Budapest, Lisbon, Madrid, Ankara and London
  • Comparing areas for apartments there is very little difference
  • Nicosia comes second after Ankara in rent value/month


table 2

Cyprus does not rank so well regarding houses compared to apartments, as can be seen from the above table. Bear in mind that Limassol which has the highest rents, estimated at approximately 20 per cent more than Nicosia, is not included.

  • Rent levels see Nicosia in eleventh place in trends for 2022/2021
  • Cyprus places second after Ankara for rent value/month. Aside from Ankara, Nicosia has the lowest rent
  • Comparing areas for houses there is very little difference

In conclusion Cyprus compares well with regard to rents compared with other cities. Add the weather, beaches, hospitality, security, the widely spoken English language, the average cost of living, and good internet coverage, Cyprus offers good living conditions for investment and other.


Antonis Loizou & Associates EPE – Real Estate Appraisers & Development Project Managers,, [email protected]

Follow the Cyprus Mail on Google News

Related Posts

bbf: begins 51 new residential and commercial projects

Press Release

Navigating property ownership

Evi Pilavaki

Cyprus real estate council urging property owners to ‘rationalise their prices’

Kyriacos Nicolaou

Requirements for deposition of sale contracts

George Coucounis

bbf: presents corporate culture & real estate dynamics

Souzana Psara

Cyprus apartment rental values rise by 11.1 per cent year-on-year in Q4 2023

Kyriacos Nicolaou