Property for rent in Cyprus
The market of property for rent in Cyprus has experienced exponential growth in just a few years. In Cyprus the demand for properties for rent has grown and prices have also risen because supply is decreasing, especially in the capital Nicosia. The properties for rent do not have very high prices, although strangely the smaller properties for rent could be more expensive than the larger rental properties. In recent years, however, the costs have increased by 15% precisely because of the offer that isn’t able to respond to the growing demand for properties for rent.
In Cyprus the most requested properties for rent are those near the sea and luxury properties.
In Limassol the customers that most request properties for rent are students precisely because the prices are more accessible even if in recent years they have seen an increase of 20%.
They are realizing many new housing projects in particular to meet the growing demand for rental properties in this increasingly cosmopolitan city.
The third Cypriot city in importance is Larnaca, considered the port of the island thanks to its port and airport. It is the families that require properties for rent in Larnaca above all because the prices here are more affordable and it is a popular holiday destination.
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