Cyprus capital property values for property investors

guide to property valuesThe capital values of property in Cyprus seem to run in parallel with those in the UK. Much of the increase in recent years was fuelled by the anticipated flood of property seekers from other EU member states.

The 'traditional' investment market has concentrated on the increasingly over-developed tourist sector – and short and medium term returns have fallenl.

Cyprus property values vary according to a number of factors. (See the  Cyprus property prices page).

Capital value tables

The capital value tables presented below are based on figures provided by Danos & Associates in the first quarter of 2010.

Capital Values - Residential Detached Houses (per m2)

Location 2003 2004 - 2007 2008 - 2009 2010
Nicosia € 940 - 1538 € 1196 - 2563 € 1150 - 2800 € 1150 – 2800
Limassol € 854 - 1452 € 1111 - 2050 € 1000 - 2500 € 1150 – 2500
Paphos € 854 - 1538 € 1196 - 4272 € 1150 - 4400 € 1150 – 4400
Larnaca € 683 - 1281 € 1025 - 1709 € 1000 - 2500 € 1000 – 2500

 

Capital Values - Residential Apartments (per m2)

Location 2003 2004 - 2007 2008 - 2009 2010
Nicosia € 854 - 1281 € 1196 - 2050 € 1150 - 2500 € 1000 - 2500
Limassol € 769 - 1367 € 1111 - 4272 € 1000 - 4000 € 1000 - 4000
Paphos € 683 - 1367 € 1196 - 5468 € 1150 - 5200 € 1150 - 5200
Larnaca € 683 - 1281 € 940 - 3417 € 900 - 3300 € 900 - 3300

 

Capital Values - Residential Building Plots (per m2)

Location 2003 2007 2008 - 2009 2011
Nicosia € 145 - 513 € 188 - 854 € 180 - 900 € 180 - 900
Limassol € 128 - 427 € 162 - 598 € 155 - 655 € 155 - 655
Paphos € 111 - 342 € 154 - 513 € 140 - 570 € 140 - 570
Larnaca € 103 - 342 € 154 - 513 € 150 - 930 € 150 - 930

 

Property Investment tips

When analysing your potential investment, you need to consider:

The real costs associated with buying;

The financial structure of the deal;

The projected capital growth;

The ongoing costs the net rental yield;

The selling costs including tax;

When to sell to achieve maximum returns.