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Moving To Cyprus - Finding Accommodation

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Information on finding accommodation in Cyprus

Cyprus Apartments                                      Photo © CyprusExpat.co.uk

You can find a residence to rent or purchase by searching through the local specialist press (Greek-language and English-language) and websites. Estate agents are also a good source.

In general, the prices of houses and apartments for purchase and rent have dropped significantly due to the economic crisis. Rentals and purchase prices vary for many reasons, such as region, district, distance from an urban centre, building index, etc. Before choosing to buy or rent an apartment or property, it is a good idea to research prices, the area, and other factors that are relevant to your circumstances.

Indicatively, the purchase price of an apartment ranges from €1 400 – €2 000 per square metre (m²). Indicatively, the rental cost for an unfurnished relatively new apartment ranges from €6 to €12 per m². Electricity, water and air-conditioning costs are not included in the rental and should be considered in any calculation.  

In order to borrow money to buy a residence, contact the commercial banks to discuss loan terms. Information (and details of commercial banks) can be obtained from the website of the Central Bank of Cyprus. The usual loan period for a residence is 20 to 25 years. The loan may be for 50-60% or more of the real estate value.

Information about estate agents in Cyprus can be obtained from the Σύνδεσμο Κτηματομεσιτών Επιχειρηματιών Κύπρου [Cyprus Association of Estate Agent Entrepreneurs] by phoning +357 22 88 97 59 or by email from mesitwn@cytanet.com.cy and also from the Estate Agent Registration Council by phoning +357 22 889759.

Source European Union
Last Updated 19 October 2016       

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