Cyprus

What the data says about Cyprus

Not opinions — arithmetic. Each of these came out of the registers and the listings themselves, and each links to the page it was computed from so you can check it. 7 of them today.

Geography Where is the biggest price gap in Cyprus? The median home in Old Town Limassol (Tsiflikoudia) asks €5,757,350; in Neo Chorio it asks €103,000. Same island, 55.9× the price. What would make this wrong: It compares what is on the market, not like for like. An area of large houses will always beat an area of flats, whatever the land underneath is worth. See what this is built from What things cost Which bedroom costs the most in Cyprus? Going from 4 bedrooms to 5 adds €1,116,000 to the median asking price — more than any other step on the ladder. What would make this wrong: A 5-bed house is not a 4-bed house with a room added — it is usually a bigger plot in a different place. This is the price of a different kind of home, not the price of a bedroom. See what this is built from What things cost Where does a square metre cost most in Cyprus? Pegia - St George asks €8,270 per m²; Kiti asks €2,154. The same 100 m² flat differs by €611,600 depending only on where it stands. What would make this wrong: Only the listings whose agent published a floor area are in this, and agents measure differently. Condition and outside space are not in it at all. See what this is built from The market How concentrated is Cyprus's market? Three agents hold 94% of everything advertised — 2,387, 1,863, 67 listings out of 4,583. 8 agents share the rest. What would make this wrong: It counts adverts, not sales. An agency that lists everything it is asked to and one that sells everything it lists look identical here. See what this is built from Supply What is the cheap end of Cyprus actually like? Only 78 of 3,603 homes for sale — 2.2% — ask €150,000 or less. The bottom of this market is thinner than most people expect. What would make this wrong: Cheap homes sell fastest, so at any moment the bottom of the market is under-represented on any listings site, including this one. See what this is built from Renting out Where does renting out pay best in Cyprus? Zakaki shows the widest gap between rents and prices at 11.5% gross, against 7.5% island-wide. See what this is built from This week What has moved in Cyprus this week? 4,297 listings appeared, 24 had their price cut and 9 went up. We read every agent's site overnight, so this is the week as it happened. See what this is built from

The island most like this one

On asking price and market size, Mauritius is Cyprus's closest match anywhere on this site — a median of Rs 24,000,000 (£378,674) against €400,000 (£342,671), across 2,837 listings against 4,583. Put them side by side

What the same money buys elsewhere

The median Cyprus asking price, converted, against other islands' medians.

IslandTheir medianWhat Cyprus money buys
SamoaWS$250,0005.0 homes at their median
Dominica$204,5982.3 homes at their median
Belize$235,0002.0 homes at their median
BahrainBD 90,0002.0 homes at their median

Converted at the previous day's reference rates. It compares medians, not like-for-like houses — an island of flats will always look cheap against an island of villas.

The questions people actually ask The market report