Cyprus Real Estate Analytics

Property market metrics including price-to-income ratio, rental yields, and price trends

Price to Income

8.1x

Ratio of property prices to annual income

Rental Yield

6.9%

Average annual rental return

Price to Rent

14.5

Ratio of property prices to annual rent

Price to Income Ratio

Ratio of median house price to median annual household income

Rental Yield

Annual rental income as percentage of property value

Price to Rent Ratio

Ratio of property price to annual rental income

Apartment Rent (City Centre)

Monthly rent for 1-bedroom apartment in city centre

Apartment Price (City Centre)

Price per square meter to buy apartment in city centre

Building Permits

Number of building permits issued

Apartment Price (Outside Centre)

Price per square meter to buy apartment outside city centre

1BR Rent (Outside Centre)

Monthly rent for 1-bedroom apartment outside city centre

3BR Rent (City Centre)

Monthly rent for 3-bedroom apartment in city centre

3BR Rent (Outside Centre)

Monthly rent for 3-bedroom apartment outside city centre

Mortgage Interest Rate (20Y)

Average mortgage interest rate for 20-year fixed loan

Additional Insights

Expert analysis of Cyprus Real Estate trends and investment implications

Market Overview

The Cyprus property market presents a moderate level of affordability and attractive rental yields, suggesting potential for investment, albeit with caution. Current metrics indicate a stable rental market, yet the price-to-income ratio suggests some caution may be warranted regarding potential overheating.

Key Findings

Data-driven insights

•Price to Income Ratio: 8.1 suggests that property is moderately less affordable, indicating potential overheating.
•Rental Yield: 6.9% is attractive compared to average global yields and may outperform local fixed-income investments.
•Price to Rent Ratio: 14.5 indicates that buying may be more economical than renting, a positive sign for long-term investors.
•Building Permits: 709, relatively stable, suggest a balanced supply-demand dynamic without significant overbuilding.

Market Trends

Historical patterns

•Consistent property price appreciation over the last 73 years, with notable growth periods in the early 2000s.
•Post-2008 financial crisis recovery has been steady, with increased foreign investment interest.
•A recent trend towards urbanization and coastal development has driven up demand in these areas.

For Investors

Actionable takeaways

•Consider buying in urban and coastal areas to capitalize on rental demand and price appreciation.
•Evaluate rental yield opportunities as they currently exceed many fixed-income returns, offering better cash flow.
•Monitor the price-to-income ratio for signs of market overheating before making large investments.
•Stay informed on interest rate changes which could impact mortgage costs and property investment viability.

Market Context

Cyprus's property market is relatively mature, having experienced significant transitions over the decades. It features a mix of traditional and modern developments, attracting both local and international investors seeking stable returns.

💡 Insights based on historical data. Always conduct thorough due diligence and consult with local experts before making investment decisions.