Searching for the perfect rental property in Cyprus? Look no further! In this blog post, we’ll dive into the current availability and prices of apartments and houses across different districts in Cyprus. Whether you’re drawn to the coastal beauty of Paphos, the vibrant city life of Limassol, the cultural charm of Nicosia, or other districts, we’ll provide you with valuable insights to aid your decision-making process.
Availability of Rental Properties: When it comes to availability, certain districts stand out. Famagusta has experienced a slight increase in apartment availability, while the number of houses has seen a 13.73% decrease. On the other hand, Paphos and Limassol districts boast high availability, with significant increases in both apartments and houses for rent. Paphos has witnessed a remarkable 65.63% surge in apartment availability, while Limassol has experienced a substantial 40.77% increase.
Prices of Rental Properties: Now, let’s explore the rental prices across the districts and delve into some specific examples.
- Paphos District: Paphos is renowned for its stunning properties and offers a wide range of rental options. Let’s take a closer look at the prices:
Apartments:
- Studio apartments have seen a 27.8% increase in price, now averaging at €808.
- 1-bedroom apartments have risen by 10.5% to €937.
- 2-bedroom apartments have experienced a 23.2% increase, with prices reaching €1,532.
Villas:
- A 3-bedroom villa in Paphos now costs €4,295 (9.3% increase).
- For those seeking more space, a 4-bedroom villa is priced at €4,295, offering luxury and comfort.
- Limassol District: Limassol, a vibrant coastal city, has its own unique rental market. Here are the current prices in Limassol:
Apartments:
- Studio apartments have experienced a modest increase of 4.8%, now averaging at €1,071.
- 1-bedroom apartments have seen a 6.9% increase, with prices reaching €1,624.
- 2-bedroom apartments, however, have decreased in price by 13.4%, now averaging at €2,177.
Villas:
- A 3-bedroom villa in Limassol is priced at €2,894 (7.0% increase).
- Meanwhile, a 4-bedroom villa has decreased in price by 16.1%, now averaging at €3,964.
- For those seeking larger properties, 5+ bedroom villas have seen a significant decrease of 15.5%, bringing the price down to €7,519.
- Nicosia District: As the capital city, Nicosia offers competitive rental rates. Let’s take a look at the prices in Nicosia:
- Apartments:
- Studio apartments have decreased by 4.3% to €464, making it an affordable option for individuals.
- 1-bedroom apartments have seen a 3.7% increase, averaging at €648.
- 2-bedroom apartments have experienced a 21.6% increase, reaching €992.
- Villas:
- A 3-bedroom villa in Nicosia is priced at €1,616 (2.5% increase).
- 4-bedroom villas have seen an 11.1% increase, with prices averaging at €2,368.
- For those in search of more spacious accommodations, 5+ bedroom villas are priced at €3,875 (15.7% increase).
Conclusion: The rental market in Cyprus offers a diverse range of properties and prices across different districts. While availability may vary, Paphos and Limassol districts stand out with a high availability of rental properties. In terms of pricing, Paphos offers stunning apartments and villas, while Limassol provides a mix of affordability and luxury. Nicosia, the capital, presents competitive rates for apartment rentals.
Consider your preferences, budget, and desired location when exploring the rental market in Cyprus. With the insights provided in this blog post, you’re now equipped to make an informed decision in finding the perfect rental property that suits your needs and preferences. Happy house hunting!
