Three-bedroom flats rent for up to 1,850 euros a month in parts of Limassol, and in 23 areas of the district house rents exceed the highest three-bedroom house rent in Nicosia district, according to Interior Ministry data.
The figures cover the period up to September 1 this year and record flat and house rents by municipal district and community. They show rents remaining high despite planning incentives announced by the government to encourage the construction of new homes and increase the housing stock.
Any substantial changes are expected in the coming years, when the remaining incentives come fully into force. These include a higher building coefficient for families who want to house their children and grandchildren.
Limassol
Limassol district has the highest rents for both flats and houses. A three-bedroom flat costs up to 1,850 euros a month in the municipal districts of Limassol, Agios Athanasios, Germasogeia and Agios Tychonas. In most of the district’s municipal districts, as well as in communities that have not been merged into municipalities, a three-bedroom flat costs more than 1,000 euros.
For houses, Agios Tychonas and Germasogeia lead, along with the communities of Parekklisia and Pyrgos. Even one-bedroom houses are hard to find for less than 750 euros. In some areas they rent for 1,200 to 1,250 euros.
In Erimi, one-bedroom houses rent for 900 euros, two-bedroom houses for 1,250 euros and three-bedroom houses for 1,800 euros. In Spitali, the equivalent figures are 800, 1,000 and 1,350 euros.
In nine Limassol municipal districts, a two-bedroom house costs more than the most expensive three-bedroom house in Nicosia. The cheapest flat in the district is a one-bedroom flat of 50 square metres at 500 euros.
Paphos
In Paphos district, the highest rents are not in the Paphos municipal district, Geroskipou or Peyia, but in Konia. There, a three-bedroom flat rents for 850 euros and a three-bedroom house for 1,400 euros. Two-bedroom houses rent for 950 euros and one-bedroom houses for 775 euros.
In Peyia, three-bedroom houses rent for 1,225 euros, two-bedroom houses for 850 euros and one-bedroom houses for 700 euros. In the Paphos municipal district, the equivalent house rents are 1,100, 900 and 750 euros, and in Geroskipou 950, 750 and 600 euros.
Rents are much lower in rural areas. In Empa, one-, two- and three-bedroom houses rent for 375, 575 and 650 euros, and in Polis Chrysochous for 500, 650 and 950 euros. They are lower still in the Chrysochou municipal district, at 250, 300 and 400 euros.
Larnaca
In Larnaca district, the highest house rents are in the Larnaca municipal district. A three-bedroom house there costs 1,375 euros a month, a two-bedroom house 950 euros and a one-bedroom house 750 euros.
In Livadia, three-, two- and one-bedroom houses rent for 1,250, 900 and 700 euros. In Aradippou the figures are 1,075, 825 and 650 euros, in Voroklini 1,000, 825 and 700 euros, and in Pyla 925, 750 and 625 euros.
A three-bedroom flat in the Larnaca municipal district costs 1,150 euros, among the most expensive outside Limassol.
Famagusta
In the free part of Famagusta district, Paralimni has the highest rents for both flats and houses. A three-bedroom flat there rents for 750 euros and a three-bedroom house for 1,225 euros. Two-bedroom houses rent for 925 euros and one-bedroom houses for 675 euros.
Nicosia
In Nicosia district, the highest rent for a three-bedroom flat of about 100 square metres is in the Nicosia municipal district, at 1,075 euros a month. A two-bedroom flat there costs 850 euros and a one-bedroom flat 600 euros.
In Strovolos, Engomi and Aglantzia, a three-bedroom flat costs about 1,050 euros. Three-bedroom flats rent for 875 euros in Agios Dometios, Lakatamia and Latsia, for 825 euros in Geri, for 775 euros in Tseri and for 750 euros in Dali.
Rents are noticeably lower on the outskirts. In Anagia, one-, two- and three-bedroom flats rent for 338, 425 and 525 euros. In Analiontas, the figures are 325, 425 and 525 euros.
The highest house rent in the district, 1,300 euros a month, is for three-bedroom houses of about 150 square metres in Aglantzia, Engomi, Strovolos and Nicosia.
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