To rent or purchase an apartment or residence, you can search for availability through the “Advertisements” sections of local Media/News Agencies (print and online versions), or through specialized websites such as marketplaces and real estate agencies’ websites.
The Cyprus Real Estates Agents Association (Tel: +357 22 889759, Email: email@example.com) and the Estate Agent Registration Council (tel: +357 22 666377) may be contacted for information on Estate Agents in Cyprus.
Prices for renting or buying vary according to neighborhood, district, region, distance from urban centres and facilities, building indices, etc. Indicatively, the following costs for renting and buying apply:
The average cost of renting an apartment or house in 2022 will be from 8 to 10 euros per m2. This means that you would have to pay from 800 to 1000 euros for a 100 m2 apartment or house.
The average rent for apartments in 2022 has remained stable compared to recent years, at the level of 4 to 5 euros per m2. For a house of 100 m2, you would have to pay from 800 to 1000 euros.
The average cost of renting apartments and houses in the city has increases in 2022 compared to 2021. For an apartment of 100 m2, the average rent will vary from 700 to 1400 euros, depending on the area and condition of the premises.
Prices for renting apartments and houses in 2022 have remained at the level of previous years, at around 4 to 5 euros per m2.
The average cost of renting an apartment for 2022 will be at the level of 2020-2021, from 4 to 5 euros per m2. For a 100 m2 apartment or house, the average rent would be 400-500 euros.
Therefore, before choosing to rent or buy an apartment or property, it is a good idea to research prices (locals, colleagues and EURAXESS Cyprus staff are good sources of double-checking how "reasonable" or not a price is) according to the area and other factors relevant to your budget, interests and circumstances.
In general, it is relatively easy to find and rent an apartment in Cyprus, with more availability during the winter-off season. Many apartments are offered at short- to medium-term rentals. Some flats are available furnished or partially furnished, while the rest typically come equipped with a fully fitted kitchen and built-in cupboards/ closets.
If you need to open a bank account for rent payment, or if you wish to receive loan, please visit the Banking section for more information.
Apartments and houses usually run on contracts for a period of one or two years, with the possibility of renewal. For these longer-term leases, tenants are usually required to pay the equivalent of one month’s rent as a deposit, and one month’s rent in advance when the contract is signed. Deposits are refunded upon expiration of the contract/lease, except when the owner/ landlord keeps part or all of it to cover damage caused by the tenant. You should keep in mind that before signing the lease, it is important to clarify its duration and possible increases in the rent, the possibility of renewal, the deposit and how it is refunded, which utilities are included (if any), and who holds keys to the property. It is also suggested to confirm whether subletting is allowed, what alterations are allowed in the rented propert (if any), whether pets and/or smoking is allowed, and whether there is available parking and/or storage area.
As a tenant you may insist that a formal lease agreement in English be drafted and signed, laying down the agreement and your rights as a tenant. All concessions made to the tenant or repairs promised should be included, with an appendix stating the current condition of the property, furniture, and fittings. The owner/ landlord should confirm, in writing, any additions to the contract as well as the termination of the contract itself.
If however, an English language lease is not available/ achievable, then EURAXESS Cyprus staff will be happy to help you double-check your contract.