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Long-term rental in Cyprus – your comprehensive guide
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Long-term rental in Cyprus – your comprehensive guide

Long-term rental in Cyprus – your comprehensive guide
  • 25 Feb 2025 · 11:33 AM
  • 9 min read
  • Category: Travel Tips , Long Stay Packages , Travel Inspiration

Long-term rental in Cyprus – your comprehensive guide

Cyprus is not only a popular holiday destination, but also an attractive place for a longer stay. The island offers a unique combination of Mediterranean climate, dreamlike landscapes and a relaxed way of life. Whether you are looking for an apartment in the city or a villa by the sea, the options for long-term rentals in Cyprus are diverse. In this article, you will learn everything you need to know to find the right property, from the best regions to legal peculiarities and valuable tips for your search.

Advantages of long-term rental in Cyprus

There are numerous advantages to long-term rental in Cyprus, which make the island an attractive choice for many. Whether you want to escape from everyday life, benefit from the tax advantages or simply enjoy the Mediterranean way of life, Cyprus has something to offer for everyone.

1. Sunshine all year round

Cyprus enjoys more than 300 days of sunshine a year, making it an ideal place to live outdoors. The mild climate makes the island particularly attractive for people looking for a place to enjoy pleasant temperatures even during the winter months.

2. Low cost of living

Compared to many other European countries, the cost of living in Cyprus is moderate. Food, services and even real estate are more affordable, which is particularly advantageous for retirees or digital nomads.

3. Attractive tax benefits

Cyprus is known for its favorable tax system. Those who make the island their main residence can benefit from low tax rates and a high exemption limit for income. This is an important advantage for expats and business people.

4. High quality of life

The combination of friendly locals, excellent health care and a low crime rate ensures a high quality of life. Cyprus combines relaxed island life with a modern infrastructure.

5. Flexibility through rental offers

Long-term rental offers flexibility without the need for a long-term commitment to a property. Whether you are looking for an apartment, a house or a villa, you will find a wide range of options in Cyprus that can be tailored to your needs.

The best regions for long-term rental in Cyprus

Cyprus offers a variety of regions that cater to different lifestyles and preferences. Whether you prefer vibrant city life, are looking for a quiet oasis, or want to live in a coastal area with a sea view, you will find the right environment in Cyprus.

Limassol: Modern metropolis by the sea

Limassol is the economic heart of Cyprus and offers modern infrastructure and a vibrant cultural scene. The city is known for its impressive seafront promenade, fine dining and lively nightlife. You'll find plenty of rental options here, from downtown apartments to luxury villas on the outskirts of town.

Paphos: Historic charm and natural beauty

Paphos is ideal for nature lovers and those seeking peace and quiet. The region, a UNESCO World Heritage Site, combines cultural attractions with picturesque beaches and a relaxed atmosphere. Rental properties here range from traditional stone houses to modern holiday apartments.

Larnaca: Cosy port city

Larnaca offers the perfect blend of tradition and modernity. With the popular Finikoudes beach and a charming old town, the city attracts both tourists and long-term renters. Properties here are often less expensive than in Limassol, making Larnaca a popular choice.

Nicosia: Capital city with cultural charm

As the capital of Cyprus, Nicosia offers an urban ambience with a rich cultural heritage. The city is particularly attractive for professionals who want to live in a central location. Modern apartments and townhouses dominate the market here.

What kind of properties are available for long-term rent in Cyprus?

Cyprus offers a wide range of properties for long-term rental, tailored to different needs and budgets. From cozy apartments in the city to luxurious villas by the sea, the selection is diverse and caters to all preferences.

Apartments: affordable options for city lovers

Apartments are the ideal choice for people who want to live in the heart of the action. In cities such as Limassol, Larnaca and Nicosia, there is a wide range of modern apartments with good public transport connections, restaurants and shops. Furnished apartments are particularly popular and offer a flexible solution for short- and long-term tenants.

Houses and villas: luxury for the discerning

Houses and villas are an attractive option for those who value more space and privacy. These properties are mainly found on the outskirts of cities and in coastal regions. They often have private gardens, swimming pools and spacious living areas, making them ideal for families or couples looking for a higher quality of life.

Properties by the sea: Enjoy fantastic views

Long-term rentals near the coast are particularly sought after in Cyprus. Whether you are looking for an apartment with a sea view or a villa right on the beach, the possibilities are almost endless. Such properties not only offer breathtaking views, but also direct access to the sea, which makes living on the island special.

Tips for finding a long-term rental in Cyprus

Finding the perfect long-term rental in Cyprus can be easier if you follow some basic tips. With good preparation and the right platforms, you can quickly find the right property that suits your needs.

The best platforms for real estate in Cyprus

Online platforms such as Properstar and Hometogo offer a wide selection of properties to rent in Cyprus. Use the filter options to narrow down your search by region, price and property type. In addition, local real estate agencies or specialized websites for long-term rentals can be valuable resources.

What to look for in an agent

A reputable agent can help you save time and avoid hidden problems. Make sure the agent has good reviews and is familiar with the area you are looking in. In Cyprus, it is common for the landlord to pay the agent's fees – clarify this in advance to avoid misunderstandings.

Negotiation strategies and typical rental conditions

Rental prices in Cyprus are often negotiable, especially for long-term rentals. Be prepared to discuss the price and terms. Typical rental contracts include a deposit (usually one to two months' rent) as well as details of utility costs and notice periods. Read the contract carefully and clarify any open questions before signing.

Rents and utility costs in Cyprus

Rents in Cyprus vary considerably depending on the region, type of property and location. Whether you are looking for a cheap apartment in the city or a luxurious villa by the sea, it is important to know the cost structure in order to plan your budget optimally.

1. Rents by region

  • Urban areas: In cities like Limassol and Nicosia, you can expect to pay between €600 and €1,200 per month for a one-bedroom apartment. Houses and villas can be significantly more expensive.
  • Coastal regions: In places like Paphos or Larnaca, you can find apartments starting at 500 euros. However, villas near the beach often cost 2,000 euros or more per month.
  • Rural areas: Away from urban centers and tourist areas, rents are significantly cheaper. Here you can rent a house starting at 400 euros per month.

2. Typical additional costs

In addition to the rent, you should plan for the additional costs, which are usually not included in the rent in Cyprus:

  • Electricity and water: These costs are based on your consumption. Electricity is comparatively expensive because many households use air conditioning. Water is cheaper, but usually costs between 20 and 40 euros per month.
  • Internet and telephone: The cost of internet connections ranges from €30 to €50 per month, depending on the provider and speed.
  • Community fees: In apartment complexes, additional fees are often charged for the maintenance of common areas, which can vary between €20 and €100 per month.

3. Deposit and additional fees

  • Deposit: A deposit of one to two months' rent is common and must be paid upon signing the contract.
  • Brokerage fees: In Cyprus, these are usually paid by the landlord, but it is advisable to clarify this in advance.

With a realistic assessment of rental prices and additional costs, you can better plan your budget and avoid unpleasant surprises.

Legal aspects of long-term rentals in Cyprus

When renting property in Cyprus, there are some legal aspects that tenants should be aware of in order to avoid unpleasant surprises. The legal framework differs in some respects from that in other European countries, which is why thorough preparation is essential.

1. Rental contracts: What should be considered?

Rental contracts in Cyprus are usually in writing and contain all the important details such as the rental period, the amount of rent and the deposit. It is common for the contracts to be written in English, especially if the landlord or tenant is not of Cypriot origin.

  • Minimum rental period: Often the minimum term is six or twelve months. Shorter contract durations are rare and must be specifically agreed.
  • Extension and termination: After the initial term has expired, the contract is often tacitly renewed. Notice of termination must usually be given one to two months in advance.

2. Rights and obligations of tenants and landlords

In Cyprus, tenants' rights are well protected, but there are some differences compared to other countries:

  • Rent adjustments: Landlords cannot increase the rent during the contract period unless this is explicitly stated in the contract.
  • Maintenance obligations: Landlords are responsible for major repairs, while tenants have to bear the cost of minor damage, such as changing light bulbs or cleaning drains.

3. Registration and tax liability

Property registration: Some landlords choose to officially register their leases, especially for long-term rentals. This provides legal security for both parties.

Tax issues: Tenants usually do not have to pay any additional taxes, but it is important to clarify whether the utilities are being taxed correctly.

4. real estate agent contracts and fees

As already mentioned, estate agents' fees in Cyprus are usually paid by the landlord. However, tenants should make sure that all agreements with the estate agent are recorded in writing.

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