Cyprus real estate market — prices, rental yield and trend
- Average price: $2,690 / m²
- Gross rental yield: 4.88%
- 12-month price change (USD): 0.5%
- Transaction cost: 11%
- Price basis: capital average
Residential property in Cyprus averages $2,690 per square metre. In dollar terms the market has barely moved over the last twelve months (+0.5%). That makes it the 46th most expensive of the 70 markets in the set.
What a buyer pays in Cyprus
The $2,690 figure is an average for the capital: it describes the capital's market, not the country as a whole — most of the country trades well below it. 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 $29,590 on top of the $269,000 purchase price. That is above the 9.5% median across the set — the entry cost is part of the investment case here.
What it earns
Long-term letting returns about 4.9% gross on the purchase price, 47th of 69 markets by gross yield. Measured against local earnings, the price-to-income ratio is 8.1 — that is how many years of an average local income one average home costs, and it says more about who can buy here than any price figure does.
How this figure is built
The price figure for Cyprus comes from the source we judge most reliable for this market. It was last refreshed on 2026-07-23. 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; a figure that fails our checks is suppressed, not guessed.
Sources: Eurostat Q1-26 HPI · ec.europa.eu · globalpropertyguide.com · investropa.com. Snapshot: 2026-07-23.
Latest Cyprus market analysis
- 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
- Cyprus Property Taxes and Buying Costs in 2026: What a Non-Resident Actually Pays — 2026-08-03