Cyprus: buying or renting?
Cyprus: buying or renting?
Buy or rent? – What is worthwhile for whom in Cyprus
For many, the dream of living in Cyprus begins with the same question:
Should I buy or rent?
Should I buy or rent?
Both have advantages and disadvantages - and depend heavily on whether you want to live permanently on the island or try it out first. Here you will find the most important facts, current prices and tips that will make your decision easier.
Rents in Cyprus (as of 2025)
Rents have risen noticeably in the last two years – especially in the coastal cities of Limassol and Paphos. Nevertheless, living in Cyprus remains attractive by European standards.
Apartments (per month)
Apartments (per month)
- Limassol: 1-room from approx. €1,600 / month | 2-room approx. €2,400 – €2,600
- Larnaca: 1-room from approx. €990 | 2-room approx. €1,200 – €1,300
- Paphos: 1-room approx. €1,200 | 2-room approx. €1.400 – €1.500
Houses / Townhouses / Villas (per month)
- Limassol: 2-room approx. €2.100 | 3-room approx. €3.300 | 4-room approx. €5.900
- Paphos: 3-room approx. €3.200 | 4-room approx. €5,300
- Larnaca: 3-room approx. €2,000 | 4-room approx. €2,700
Conclusion:
Limassol continues to be the most expensive rental location, Larnaca remains the cheapest. Paphos offers the best value for quality of life.
Limassol continues to be the most expensive rental location, Larnaca remains the cheapest. Paphos offers the best value for quality of life.
Purchase prices for residential properties (as of 2025)
Purchase prices depend heavily on location, amenities and sea views. Limassol in particular has become a hotspot for investors, while Paphos and Larnaca are popular with expats.
Apartments
- Limassol: 1-room from approx. €150,000 | 2- to 3-room from approx. €300,000 (top locations more expensive)
- Larnaca: 1-room from approx. €110,000
- Paphos: 1-room from approx. €100,000
houses / villas
- Limassol: 3-room from approx. €350,000 | Luxury villas from approx. €1,400,000 +
- Paphos: Family houses / villasfrom approx. €400,000
- Larnaca: Houses from approx. €250,000 (in cheaper locations)
Conclusion:
If you want to live in Cyprus long-term, you often benefit from buying – especially outside the premium locations.
If you want to live in Cyprus long-term, you often benefit from buying – especially outside the premium locations.
For whom buying is worthwhile
Buying property in Cyprus is relatively uncomplicated if you are well advised legally.
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Buying is worthwhile for:
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Buying is worthwhile for:
- <a href="https://mission-freedom.eu/en/firmenguendung/non-dom-yellow-slip/">Long-term expats & retirees
- <a href="https://mission-freedom.eu/en/immigration/versicherungen/">families looking for stability
- Investors with holiday rentals
Advantages:
-No rent increases
-Increase in value possible
-Property as a retirement provision
-No rent increases
-Increase in value possible
-Property as a retirement provision
Disadvantages:
-High entry costs
-Less flexibility
-High entry costs
-Less flexibility
For whom renting is worthwhile
Ideal if you are just getting to know Cyprus or want to stay flexible.
Renting is worthwhile for:
- newcomers
- Digital nomads
- Commuters
Advantages:
-Low entry costs
-No need for
repairs -Flexible relocation
-Low entry costs
-No need for
repairs -Flexible relocation
Disadvantages:
Rising rents
No wealth accumulation
Rising rents
No wealth accumulation
Example: Renting vs. buying
A house in Paphos costs from about €400,000.
A comparable rental property is around €1,400 – €1,800 / month.
A comparable rental property is around €1,400 – €1,800 / month.
After 15 years of rent: ≈ €300,000 paid – without ownership.
When buying: Real estate is yours – and the value can increase.
When buying: Real estate is yours – and the value can increase.
Rule of thumb: If you stay longer than 6 – 8 years, you will benefit from the purchase in the long term.
Combination: First rent, then buy
Many emigrants have good experiences with an intermediate route:
- 1–2 years of renting to get to know the regions and everyday life.
- Then buy specifically when it is clear where you want to stay.
This reduces risk and creates security.
Conclusion
Whether renting or buying – the decisive factor is how long you want to stay in Cyprus.
- If you want to test, you rent.
- If you want to put down roots, you buy.
- If you want to invest, check the location, yield & title deed.
Cyprus offers sunny opportunities in any case – regardless of whether you rent or own your home.
Tip of the day:
Always plan for 6 – 8% ancillary costs for lawyer, taxes & fees when buying.
And if you rent, check whether utilities (water, electricity, garbage) are included in the contract.
Sources & Database (as of October 2025)
And if you rent, check whether utilities (water, electricity, garbage) are included in the contract.
Sources & Database (as of October 2025)
- Cyprus Mail – Real Estate Market Review 2025
- News Cyprus Property Buyers – Residential Rent Index 2025
- Landbank Properties – Rental Market Report 2025
- *Investropa 2025 Cyprus Outlook – Market Analysis for Paphos & Larnaca
- Limassol Blu Marine Market Update 2025 – Purchase Price Overview for Limassol
- Statista & Numbeo Housing Data 2025 – Supplementary Comparative Values
MFRadio.de | Editorial Office Cyprus | October 23, 2025
Source: Mission-Freedom.eu
Author: Stephanie Weyermann
