Cyprus workers need decade of full salary to buy single home

The average annual salary in Cyprus covers just 9.8 per cent of the cost of a 100-square-metre home, according to a new global housing affordability study by BestBrokers. The country’s average income of approximately €25,335 fails to offset property costs, making Cyprus one of Europe’s least affordable housing markets when measured against local earning capacity. … Continue reading Cyprus workers need decade of full salary to buy single home