Renting in Limassol has become a mission impossible, as real estate agents now report that long waiting lists are being formed, a first for the coastal city.
High earners relocating to Cyprus, with tech and fintech companies, have taken over the market as they are willing to pay much higher rents than locals.
Rents for a one-bedroom flat start at €700, while a two-bedroom flat would cost between €1,000 to €1,200 a month. Three-bedroom flats cost between €1,500 to €2,000.
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It’s a safe and friendly city with a strong sense of community, making it a great place to call home. Whether you choose to rent your property out long-term or as a holiday home, you can expect to generate a great return on your investment.