Cyprus rental yields in 2026: the published figures, and what comes off them.
// Short answer
Global Property Guide puts the average gross rental yield in Cyprus at 5.14%, in data updated September 2026, with Limassol at 5.38%, Paphos at 5.33% and Nicosia at 4.72%. These are gross figures from asking prices and asking rents, not what an owner keeps, and not a Brinkman Data calculation.
Rules and rates as of September 2026. Bills to tighten the rules for non-EU buyers were before the House of Representatives when this was written, so check the dated items again before you sign. Every figure links to its source.
On this page
What is the average rental yield in Cyprus?
Global Property Guide puts the average gross rental yield for Cyprus at 5.14% in its September 2026 update, up from 4.88% in Q1 2026. The figures are gross, from asking prices and asking rents on local portals, and the same source says net is typically 1.5 to 2 percentage points lower. These are that source's figures.
A gross yield is rent before any cost. The costs that come off it are listed further down this page.
What are rental yields in Limassol, Paphos and Nicosia?
Per Global Property Guide's September 2026 update, the average gross yield on apartments is 5.38% in Limassol, 5.33% in Paphos and 4.72% in Nicosia. All three are gross figures from asking prices and asking rents. The source does not cover Larnaca.
| Market (Global Property Guide, updated September 2026) | Average gross yield, apartments |
|---|---|
| Cyprus | 5.14% |
| Limassol | 5.38% |
| Paphos | 5.33% |
| Nicosia | 4.72% |
Do smaller units yield more in Cyprus?
In the published data, yes. In the same Global Property Guide update, a one-bedroom in Limassol shows 6.33% gross against 4.16% for a three-bedroom. One-bedrooms show 5.62% in Paphos and 5.27% in Nicosia.
| Unit (Global Property Guide, updated September 2026) | Gross yield |
|---|---|
| Limassol, 1-bedroom | 6.33% |
| Limassol, 3-bedroom | 4.16% |
| Paphos, 1-bedroom | 5.62% |
| Nicosia, 1-bedroom | 5.27% |
The question that matters is never the city average. It is the building, the unit size and the rent it can actually get.
What comes off a gross rental yield in Cyprus?
Income tax on the net rent, local authority charges, and building running costs. Taxable rent is gross rent less a deemed 20% deduction for repairs, plus capital allowances and loan interest. There is no annual national property tax, and the Special Defence Contribution on rent ended on 1 January 2026.
- Income tax: 2026 bands from 0% to 35%; how they apply to a non-resident landlord was not settled by an official source. Detail: Cyprus property tax for foreigners.
- GHS contribution: commonly quoted at 2.65%; whether a non-resident owes it on rent is unconfirmed.
- Local charges: refuse, sewerage and water, set locally.
- Common expenses: building fees vary; no published norm was found.
Sources
Can a foreign owner run a holiday let in Cyprus?
Yes, once it is registered. Villas, houses and apartments let short-term must be entered in the Deputy Ministry of Tourism register and get a special label and registration number, which must appear in every advert. The fee is €222 per property per three years.
Prerequisites are tax registration (a tax identification number, and VAT where applicable) and insurance covering at least fire and civil liability. The Deputy Ministry may inspect. Registered lets pay income tax, VAT as applicable, and overnight-stay charges to the local authority. No zone caps or night limits on short-term letting were found as of September 2026.
Sources
Does rent control apply to a Cyprus investment property?
Usually not to a newer one. The Rent Control Law applies only to residential or shop premises in areas the Council of Ministers has declared controlled, and only to buildings completed by 31 December 1999. Buildings finished later fall outside it.
Whatever the building's age, since 1 July 2026 rent must be paid electronically, not in cash or by cheque.
// Buying in Cyprus?
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See the $499 report, page by pageFrequently Asked Questions
What is a good rental yield in Cyprus?
Is Limassol's yield higher than Nicosia's?
Do I need a licence to Airbnb my apartment in Cyprus?
Is there a published yield figure for Larnaca?
Header photo: Στέφανος Νικολάου, CC BY-SA 4.0, via Wikimedia Commons. All credits: image credits.