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The Highs And Lows Of Cyprus Rental Prices: A District-By-District Breakdown

by THEFUTURE.TEAM

January 21, 2025

A recent report from Landbank Analytics sheds light on the current state of rental prices for apartments and houses in Cyprus. The study highlights significant disparities in rental costs across the island’s five districts, offering a snapshot of the property rental landscape.

National Averages: Apartments vs. Houses

According to Andreas Christophorides, CEO of Landbank Group, the average monthly rent for an apartment in Cyprus is €1,803, while houses are considerably pricier at €3,249 per month. However, these averages mask sharp differences across districts, from budget-friendly options to luxury price tags.

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Limassol: The Most Expensive District

Limassol leads as the costliest district for rentals. Apartments in Limassol average €2,742 per month, with two-bedroom units being the most common at €2,460. One-bedroom apartments are listed at €1,599, while three-bedroom apartments fetch €3,225.

Houses in Limassol come with an even steeper price tag, averaging €4,492 per month. Three-bedroom homes dominate the market at €2,773, while four-bedroom houses command €5,000. Five-bedroom homes are rare and average an eye-watering €8,936.

Famagusta: The Most Affordable Option

On the other end of the spectrum, Famagusta offers the cheapest apartments in Cyprus, with an average monthly rent of just €745. This makes it the most economical choice for renters seeking affordable living spaces.

Nicosia: A Budget-Friendly Alternative

The capital city, Nicosia, stands as the second most affordable district for apartments, with an average monthly rent of €1,017. Two-bedroom apartments dominate the market, priced at €996 on average. Three-bedroom apartments are slightly higher at €1,319, while one-bedroom units are a steal at €674.

For houses, Nicosia offers 190 options, with an average rent of €1,900. Three-bedroom homes, the most common, cost €1,335, while four-bedroom options are priced at €2,094.

Larnaca & Paphos: Mid-Range Pricing

Larnaca offers 536 apartments for rent, averaging €1,120 per month. Two-bedroom units are the most prevalent at €1,114. Houses in Larnaca average €2,340 monthly, with 219 currently on the market.

In Paphos, 289 apartments are available for an average monthly rent of €1,193. Two-bedroom apartments dominate, priced at €1,228. Houses in Paphos average €2,692, making it the second most expensive district for house rentals after Limassol.

What’s Driving the Market?

Limassol’s appeal as a business hub and lifestyle destination contributes to its premium prices. Meanwhile, districts like Famagusta and Nicosia cater to those seeking affordable options without compromising on quality of life.

This analysis underscores the diverse rental landscape in Cyprus, where prices reflect a mix of urban demand, tourism appeal, and lifestyle preferences. Whether you’re looking for a cost-effective rental or a high-end property, Cyprus offers options to suit a variety of needs.

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Discovery of a New Dwarf Planet: Is Our Solar System Expanding?

by News Editor

June 16, 2025

A New Celestial Revelation: Meet 2017 OF201

In a groundbreaking astronomical discovery, researchers have identified a celestial body likely to be a dwarf planet far beyond Pluto. This thrilling discovery was made by astronomers from the Institute for Advanced Study in Princeton, New Jersey. Dubbed 2017 OF201, this object is located over twice the distance of Pluto from the Sun, marking it as one of the farthest known bodies in our solar system observable through optical telescopes.

Key Insights

The object is approximately 700 kilometers in diameter, smaller than Pluto’s 2377 kilometers, yet it stands to be the largest found in the outer solar system in over a decade if verified by radio telescopes.
Classified as an extreme trans-Neptunian object, 2017 OF201 joins the ranks of other icy bodies circling the Sun beyond Neptune’s orbit. This region is now known to host other giants such as Eris, Haumea, Makemake, and Gonggong.
Identified in a series of 19 observations over seven years, involving instruments like the Dark Energy Camera in Chile and the Canada-France-Hawaii Telescope, this discovery sheds light on the unexplored corners of the solar system.

Why 2017 OF201 Stands Out

2017 OF201 boasts a unique orbit, with its aphelion over 1600 times the Earth’s distance from the Sun. Meanwhile, its perihelion is 44.5 times the Earth-Sun distance, parallel to Pluto’s path. Such an extensive orbit is evidence of a chaotic past, likely involving gravitational interactions with a giant planet.

Unveiling the Kuiper Belt: A New Frontier

Nestled within the Kuiper Belt, this object hints at the possibility of numerous similar celestial bodies lingering in this icy expanse, largely hidden due to immense distances. As telescope technology advances, the possibility of unveiling more about our solar system’s outermost fringes grows ever more achievable.