Property Prices Comparison Between Cyprus and Spain

For major cities in those countries you get more relevant data by specifying cities.

City in Cyprus:
City in Spain:

Index	Cyprus	Spain
Price to Income Ratio:	8.18	8.48
Mortgage as Percentage of Income:	61.21%	59.24%
Loan Affordability Index:	1.63	1.69
Price to Rent Ratio - City Centre:	14.49	18.58
Price to Rent Ratio - Outside of Centre:	13.73	15.25
Gross Rental Yield (City Centre):	6.90%	5.38%
Gross Rental Yield (Outside of Centre):	7.28%	6.56%

Currency: Sticky Currency Switch to metric measurement units

Rent Per Month	Cyprus Edit	Spain Edit	Difference
Apartment (1 bedroom) in City Centre	951.06 €	962.53 €	+1.2 %
Apartment (1 bedroom) Outside of Centre	748.55 €	731.92 €	-2.2 %
Apartment (3 bedrooms) in City Centre	1,754.64 €	1,519.05 €	-13.4 %
Apartment (3 bedrooms) Outside of Centre	1,390.97 €	1,073.41 €	-22.8 %
Buy Apartment Price	Cyprus Edit	Spain Edit
Price per Square Feet to Buy Apartment in City Centre	282.48 €	342.48 €	+21.2 %
Price per Square Feet to Buy Apartment Outside of Centre	211.37 €	207.42 €	-1.9 %
Salaries And Financing	Cyprus Edit	Spain Edit
Average Monthly Net Salary (After Tax)	1,624.96 €	1,744.56 €	+7.4 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	4.33	3.54	-18.3 %
Last update:	December 2024	December 2024
Contributors in the past 12 months:	134	867

Country data (source The World Bank, 2024)	Cyprus	Spain
GDP Per Capita (PPP) ($) :	45,000.00	40,200.00
GDP Growth Rate:	5.06	5.77
Population Growth Rate:	1.00	0.12

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Other comparisons Cyprus vs Spain:

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