Limassol real estate market — prices, rental yield and trend
- Average price: $5,156 / m²
- Gross rental yield: 5.87%
- Net rental yield: 5.87%
- Transaction cost: 11%
- Price basis: regional average
Residential property in Limassol averages $5,156 per square metre. That makes it the 32nd most expensive of the 131 markets in the set.
What a buyer pays in Limassol
The $5,156 figure is a regional average across all residential property types: a flat in a prime district sits well above it, an older unit on the edge of the market well below. Buying costs — transfer tax or stamp duty, notary, registration and agency — come to about 11% of the price here. On a 100 m² apartment at the average price that is roughly $56,712 on top of the $515,568 purchase price. That is above the 9.5% median across the set — the entry cost is part of the investment case here. Against the Cyprus national average of $2,790, Limassol carries a 84.8% premium — the gap between this market and the country as a whole.
What it earns
A square metre lets for about $25.2 a month. Against a purchase price of $5,156 per square metre that is 5.9% gross, before tax. Both figures come from the same source and the same period, so you can check the arithmetic yourself. It ranks 59th of 151 markets by gross yield. Rental income is taxed at 0–2.1% — the rate is not a single number here. That is the difference between 5.8% and 5.9% net on the same property. The 5.9% net figure we publish uses 0%.
How the tax works. Effectively 0% at typical rent levels: after the 20% deemed expense deduction the income stays inside the €22,000 zero band, and tax only starts above roughly €27,500 of annual gross rent, reaching about 2% at USD 3,000 a month. The 2026 reform abolished the Special Defence Contribution on rent, and the GESY health levy applies only to Cyprus tax residents. Source: PwC Cyprus.
Who can buy in Limassol
Freehold; non-EU buyers need Council of Ministers approval. That is the rule a foreign buyer meets first, not legal advice — check the current position locally before you commit.
How this figure is built
The price figure for Limassol is built from asking prices from listings. It was last refreshed on 2026-10-15. We rate our confidence in this market’s data medium: the series is usable, but thinner or less current than our best-covered markets. We recompute every market the same way, which is what lets Limassol be compared with a country average or another city.
Sources: AXIA Valuers asking prices (Limassol district, apartments) · tools.axiavaluers.com. Snapshot: 2026-10-15.
Latest Limassol market analysis
- Cyprus: the new housing loan rate rose to 4.16% in August from 3.78% — 2026-10-07
- Cyprus to sell 570 state plots at 25% of market value and lift building limits for family extensions — 2026-09-15
- Cyprus Sold 3,594 New-Build Homes Worth €1.149 Billion in the First Half of 2026 — 2026-09-07
- Cyprus Signed 1,241 Property Sale Contracts in August, 10% More Than a Year Earlier — 2026-09-04
- Cyprus Revisits Foreign Ownership Limits as Overseas Buyers Take 41.3% of Contracts — 2026-09-03
- Cyprus Weighs Local Short-Let Limits as Platform Stays Grow 22.3% — 2026-09-02
- Saving a 20% Deposit in Cyprus Takes 23 Months of Average Gross Pay — 2026-08-27
- A Four-Year Permit Wait Adds €61,000 to the Price of a Cyprus Apartment — 2026-08-26
- Cyprus Permitted 7,131 Homes in Four Months, Up 65% on Last Year — 2026-08-24
- Cyprus New-Build Contracts Fell 42% in Q2 as Buyers Moved Down the Price Ladder — 2026-08-24
- Cyprus Offers Developers 45% Extra Density — 53 Applications Cover 3,300 Homes — 2026-08-24
- Cyprus Property Sales Rose 11% in July, With Limassol and Paphos Driving the Gain — 2026-08-11
Related markets: Cyprus