Apartment prices, rents climbing

Annually, average Cyprus real estate prices increased by 9.9% for apartments, 1.0% for houses, and 0.3% for offices, according to the Q4 2022 Ask WiRE property index. Sales prices also increased by

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Scary Nicosia rents

These are scary times for families living in rented accommodation in the capital, as rents for a two-bedroom flat average more than the national minimum wage. Renting a two-bedroom flat of 80

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No remedy for rising rents

Rising rents, and the lack of supply of apartments for rent, do not resolve the problem but will impact the market’s future. This causes issues for Cypriots and makes it difficult to

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Scary rents for scary times

With the constant demand for residential units, the rental situation has been a concern for some time, to the extent that it affects the Cypriot market, especially middle to lower-income groups. The

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High rents send Greek Cypriot students north

Greek Cypriot students studying in Nicosia are resorting to renting apartments in the Turkish-occupied north, as they can’t afford accommodation in the capital, claimed an MP. At the House Education Committee, centrist

Creating affordable rents

There is a good initiative by the Cyprus Land Development Corporation (CLDC) to offer residential properties for rent at affordable levels. The announcement by this public organisation and others (i.e., Limassol Municipality)

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Comparing Cyprus rents, unit sizes

Eurostat recently published interesting statistics concerning the rents of housing units in capitals of European countries where Cyprus rents are reasonable. 2021 CURRENT MARKET RENTS Average rent per month given in the

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