Limassol property offers best yields, Larnaca catching up

Limassol property offers the highest yield for renting out an apartment, generating returns between 6.85% and 7.80%, while Larnaca has the highest growth prospect, according to a local real estate agency study. Charalambos Pitros, Managing Partner at Zyprus Property Group, MRICS, told the Financial Mirror that renting an average one-bedroom apartment in Limassol offers a 7.8% yield. And renting out a two-bedroom flat would fetch a 6.85% yield on investment. Average rent for a one-bedroom apartment in Limassol is €1,300 per month, while...