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How much are the student apartment rents in Cyprus?

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How much are the student apartment rents in Cyprus?

Apartments near universities in Nicosia and Limassol are expected to be in demand at this time, shortly before the start of the new academic year. If all goes well with the pandemic and students return to attending classes in person, then interest in the dormitory is expected to increase. Last year the coronavirus changed the data drastically as many foreign students left Cyprus, market demand was reduced and prices were pushed down. In the next period it will be seen how the demand will evolve. In fact, there is competition with student dormitories. In the previous academic year, room rentals in student dormitories cost an average of € 480- € 550 per month, including the cost of electricity, water, internet and television.

In the ads on the internet, there are cases where the owners specify that the apartments are aimed at students. In recent years, due to the fact that there are many students from abroad and mainly from Greece, the demand for apartments has increased. In Nicosia there is the University of Cyprus in the area of Aglatzia, the European University and the University of Nicosia in the area of Engomi, the Frederick University in the area of Palourriotissa, the Technological University of Cyprus in Limassol, the University of Naples in Paphos.

According to the research on websites that are addressed mainly to students, a student apartment next to the University of Nicosia, furnished and 50 sq.m. has a rent of € 450. One bedroom apartment of 70 sq.m. near the University of Nicosia is rented for € 550 per month. Apartment in Pallouriotissa near Frederick University 75 sqm with two bedrooms has a rent of € 580. Three bedroom apartment 110 sqm suitable for students of the European University has a rent of € 750. In the same area a 2 bedroom apartment and furnished suitable for students of the European University due to its location has a rent of € 680. Two bedroom apartment in Makedonitissa next to the University of Nicosia has a rent of € 750. One bedroom apartment of 65 sq.m. in Engomi suitable for student housing has a rent of € 700 and in the same area a one bedroom apartment has a rent of € 650. Apartment 80 sq.m. in Aglatzia with two bedrooms, which is also offered for student housing has a rent of € 600.

Philenews

Source: 24h.com.cy

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