Are you looking for a place to call home in Cyprus, but don’t want the hassle of buying a property? Long term rentals in Cyprus might just be what you need!
Living in Cyprus
Cyprus is a beautiful island in the Mediterranean that is known for its stunning beaches, rich history, and relaxed lifestyle. It is an ideal location for those who are looking for a long-term rental, and with a growing number of expats moving to the island, the demand for long-term rentals has increased significantly. According to the Cyprus Statistical Service, the number of expats living in Cyprus has increased by 3.6% in 2020, reaching a total of over 100,000 people.
When it comes to long-term rentals in Cyprus, there are a variety of options available, ranging from apartments and villas to townhouses and penthouses. No matter what your preferences are, you are sure to find a property that meets your needs. The average monthly rent for a one-bedroom apartment in the city center is approximately €500, while a four-bedroom villa can cost up to €2,500 per month.
Advantages of long-term rentals in Cyprus
One of the best things about long-term rentals in Cyprus is that they offer excellent value for money. When compared to other countries in Europe, the cost of living in Cyprus is relatively low, and this extends to the cost of rental properties. In fact, according to Numbeo’s cost of living index, Cyprus ranks 44th out of all countries in the world, making it one of the most affordable countries to live in Europe.
Another advantage of long-term rentals in Cyprus is the flexibility they offer. Unlike buying a property, long-term rentals allow you to live in a property for a specified period of time, after which you can move on to another property or return to your home country if you wish. This makes it a great option for those who are looking for a temporary home in Cyprus. The average lease period for a long-term rental in Cyprus is 12 months, but can be extended to 24 months or more.
How to choose a Cyprus long term rental
When searching for a long-term rental in Cyprus, it is important to consider a few factors.
Firstly, location is key. You want to ensure that you choose a property that is close to your workplace, schools, and other amenities. The most popular cities for long-term rentals in Cyprus are Nicosia, Limassol, and Paphos, each offering a unique blend of modern conveniences and traditional charm.
Another factor to consider is the size of the property. Do you need a one-bedroom apartment or a four-bedroom villa? Make sure to consider your needs and budget when making your choice.
It is also important to research the property and landlord before signing a lease. You can do this by reading reviews from previous tenants, checking the property’s condition, and asking for references from the landlord. This can help you avoid any unpleasant surprises and ensure that you have a smooth rental experience.
Finally, make sure to read the lease agreement carefully before signing it. This will help you understand your rights and responsibilities as a tenant, as well as the terms and conditions of the rental agreement. The lease agreement should include information on rent, deposit, and utilities, as well as details on maintenance, repairs, and renewals.
In summary, long-term rentals in Cyprus provide a great option for those seeking a temporary home on the island. With its stunning scenery, fascinating history, and peaceful lifestyle, Cyprus is the perfect place to call home. Start your search today and find your dream rental!