Cyprus Rental Market Sees Seasonal Surge in Demand – July 2025 Overview
The Cyprus rental market has undergone notable shifts this July, according to a new report by Landbank Analytics. Drawing from data collected across major property listing platforms, the analysis offers a clear snapshot of rental availability and average asking prices across the island’s districts.
A total of 1,390 apartments were listed for rent in July 2025—less than half of the 3,257 available in January. This significant drop reflects the seasonal spike in demand, as summer months typically see increased movement in the rental sector, especially among students, families, and temporary residents.
Limassol Leads in Supply and Price
Limassol stands out with the highest number of available apartments (1,013), offering the most extensive range of property types. However, it also holds the title of the most expensive rental market in Cyprus, with average monthly rents reaching €1,651 for a one-bedroom apartment and soaring to €7,750 for five-bedroom units. Two- and three-bedroom apartments are the most common, with average rents at €2,574 and €3,812 respectively.
More Balanced Market in Nicosia
The capital city, Nicosia, offers a more balanced spread in apartment types, particularly two- and three-bedroom units. Average rents range from €1,070 for one-bedrooms to €1,823 for three-bedrooms, with four-bedroom apartments averaging €1,433. The relatively moderate pricing positions Nicosia as a more affordable alternative for both students and families.
Larnaca and Paphos Offer Budget-Friendly Options
Larnaca presents another cost-effective choice, with one-bedroom apartments averaging €989—the lowest among the major districts. Two-bedroom apartments are the most common, with an average rent of €1,274, while three-bedrooms average €1,498.
Paphos follows a similar trend, with the majority of available properties being two-bedroom units (€1,441). One-bedroom apartments average €1,245, while three-bedrooms command €1,983 per month. The market here appears stable, with prices gradually increasing according to apartment size.
Famagusta Remains Limited
In contrast, Famagusta shows minimal activity in the rental market, with only four apartments listed for rent in the report carried out by Landbank Analytics, making it the least active district in terms of available rental stock.
Conclusion
The July 2025 rental data underscores significant regional differences in both supply and pricing. While Limassol continues to dominate as a high-demand, high-cost market, other areas like Larnaca, Paphos, and Nicosia provide more accessible options for renters. As seasonal demand drives down availability, the market remains dynamic and responsive to both local and foreign rental needs.
Full Article: economytoday.sigmalive.com (July 2025)