🇨🇾 Cyprus. What You Need to Know About Renting Out Property

There is no single standard model for renting in Cyprus. Depending on the property and your investment strategy, you can choose from three rental formats:

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▪️ Short-term rentals – for tourists. Properties near beaches, restaurants and amenities are in the highest demand.
▪️ Mid-term rentals – for digital nomads, business travelers, and visitors staying on the island for several months.
▪️ Long-term rentals – for expats, families, and buyers waiting for their own homes to be completed.

What costs should owners expect?
• No annual property tax – only a municipal fee of €200–300 per year
• Utilities – usually paid by the tenant for long-term rentals and by the owner for short-term rentals
• Internet – €20–30 per month
• Maintenance fees – €1.5–4 per sq.m per month
• Property management – approximately 25% of gross rental income

⭐️ Most international investors use professional property management companies. They handle tenant sourcing, check-ins, cleaning, and day-to-day management, allowing owners to manage their property remotely.

➡️ Leave an inquiry via the link, and we'll help you find a property in Cyprus that fits your investment strategy

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