Property Prices in Famagusta, Cyprus

Index Info
Price to Income Ratio: 17.83
Mortgage as Percentage of Income: 153.32%
Loan Affordability Index: 0.65
Price to Rent Ratio - City Centre: 27.99
Price to Rent Ratio - Outside of Centre: 19.52
Gross Rental Yield (City Centre): 3.57%
Gross Rental Yield (Outside of Centre): 5.12%

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Rent Per Month
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Apartment (1 bedroom) in City Centre 586.91 € 460.72-800.00
Apartment (1 bedroom) Outside of Centre 556.19 € 368.58-700.00
Apartment (3 bedrooms) in City Centre 848.34 € 645.01-1,200.00
Apartment (3 bedrooms) Outside of Centre 717.62 € 552.87-900.00
Buy Apartment Price
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Price per Square Meter to Buy Apartment in City Centre 3,266.67 € 800.00-5,000.00
Price per Square Meter to Buy Apartment Outside of Centre 2,066.67 € 700.00-3,000.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 747.67 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.00

These data are based on 27 entries from 4 contributors over the past 18 months.
Last update: January 2025

Sources and References
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