A. Average Sale Prices for 2007*
* Based on a sample of 1,000 properties across Cyprus. Prices rounded to the nearest thousand.
B. Average Rental Prices for 2007*
* Based on a sample of 1,000 properties across Cyprus. Houses are not included since they are not recommended for "buy to let" investment - annual rental return is usually less than 4%. Prices are rounded.
C. Average Annual Rental Return for 2007*
* Based on data from table A & B above. The conclusion is that 1 bedroom apartments offer the best annual return - an average of 7%. As far as towns Nicosia* & Larnaca** are leading with an average of 6.7% and Paphos*** is last with 4.9%. * Nicosia not only is the capital and the largest town in Cyprus but also has many universities and colleges that lead to an increase in demand for rental properties. ** Larnaca has good rental return due to the fact that the property prices are lower than other towns. ** Paphos even though it has higher rental rates than Famagusta the rental return is lower due to the fact that properties in Paphos are more expensive.
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