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05.09.2020
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6 September 2020

Pandemic brought a reduction in student rental prices in Cyprus

The pandemic also brought adjustments to student rent rents with prices declining. 

The President of the Real Estate Registration Council, Mr. Marinos Kynageirou, stated that compared to last year there is a greater offer of real estate. As a result, every interested tenant has more options and is able to negotiate prices. 

Marinos Kynageirou - Chairman of the Real Estate Registration Council: “In the summer last year, there were very few apartments for rent in the real estate offices. "If the interested party goes to the real estate agencies, they will see that there are several options at reduced prices compared to last year."

Пандемия коронавируса привела к снижению цен на аренду недвижимости для студентов Кипра

He attributed the decline to the pandemic and the blow it caused to tourism. Real estate owners who chose the short-term lease at a rate of 70%, this year turned to the annual. 

Mr. Kinaygeirou urged those interested, in order to achieve better prices, not to look for apartments very close to the University or to choose cohabitation, conducting a very good market research.


More details about available homes you can find at the following link.

Source: www.alphanews.live
Photos: solidarnost.org

Interested in property on the island? Check out the number one real estate agency in Cyprus, DOM! The website features the largest database of real estate in the country – over 100,000 residential and commercial properties across the entire island. Choose and consult with professional brokers who will help you make the right choice!

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