Cyprus Ranks Among the Top 20 Most Expensive Countries for Renting Apartments

The world's largest database on the cost and quality of life NUMBEO conducted a new study in which it revealed the most expensive and cheapest countries for renting real estate.

Cyprus was ranked 18th in the ranking. According to the platform's data, renting a 1-bedroom apartment in the central city districts of Cyprus costs locals an average of 928.25 euros against 422.05 euros - in Greece, 825.4 euros - in Germany, 819.08 euros - in Belgium, 795.48 euros - in Sweden, 757.9 euros - in Spain, 714.85 euros - in France and 667.75 euros - in Italy.

Meanwhile, the most expensive countries to rent apartment are as follows:

1. Singapore - 2,747 euros,
2. Hong Kong - 2,065.42 euros,
3. Switzerland - 1,732.37 euros,
4. USA - 1,692.09 euros,
5. Luxembourg - 1,591.31 euros,
6. Qatar - 1,508.3 1euros,
7. Ireland - 1,462.78 euros,
8. Australia - 1,384.37 euros,
9. Netherlands - 1,207.23 euros,
10. Canada - 1,161.82 euros.

Also recognized as more expensive countries than Cyprus were the United Arab Emirates (€1,118.78), the United Kingdom (€1,070.66), Puerto Rico (€1,062.72), New Zealand (€1,033.23), Denmark (€1,031.21), Norway (€981.96) and Israel (€957.58).

The list of the cheapest countries to rent, according to NUMBEO is as follows:

1. Bangladesh - 89.69 euros,
2. Pakistan - 91.54 euros,
3. Nepal - 116.96 euros,
4. Egypt - 136.55 euros,
5. Syria - 158.24 euros,
6. Algeria - 159.68 euros,
7. India - 163.11 euros,
8. Libya - 167.88 euros,
9. Sri Lanka - 175.14 euros,
10. Kenya - 176.36 euros.

In turn, in terms of prices for apartments on the outskirts of cities Cyprus ranked 16th. The average cost of renting such real estate in Cyprus is 763.26 euros. The neighboring Greece was placed in this category in 46th place with an average price of 352.65 euros.

The list of countries with the most expensive real estate rentals on the outskirts of cities included:

1. Singapore - 2,031 euros,
2. Hong Kong - 2,065.42 euros,
3. USA - 1,381.36 euros,
4. Switzerland - 1,359.81 euros,
5. Luxembourg - 1,277.13 euros,
6. Ireland - 1,241.48 euros,
7. Australia - 1,110.64 euros,
8. Canada - 999.52 euros,
9. Holland - 975.30 euros,
10. Qatar - 897.94 euros.

The list of countries with the cheapest rental properties on the outskirts of cities included:

1. Bangladesh - 53.20 euros,
2. Pakistan - 58.98 euros,
3. Nepal - 75.55 euros,
4. Egypt - 86.31 euros,
5. Syria - 98.08 euros,
6. Algeria - 100.99 euros,
7. Sri Lanka - 101.60 euros,
8. Libya - 102.05 euros,
9. Kenya - 103.24 euros,
10. India - 106.71 euros.