Is it profitable to do Airbnb in Cyprus, Cyprus?
What is the occupancy rate of Airbnb in Cyprus, Cyprus?
What is the average daily rate of Airbnb in Cyprus, Cyprus?
Cyprus / Cyprus
Cyprus, Airbnb Market Statistics & Data, Cyprus
A typical short-term rental listing in Cyprus is booked for 234 nights a year, with a median occupancy rate of 64% and an average daily rate of $92. In 2023, a typical host income (annual revenue) was $20K. As of 12th September, 2024, there are 11,591 active Airbnb listings.
Average Revenue: $20K/yr
Occupancy Rate
64%
Avg Daily Rate
$92
Budget
No. of Listings
16,660
Big
YoY Revenue Change
4.02%
Best Month
August
** Period: 2023 Aug - 2024 July | Last Updated on: 12th September, 2024
Revenue By Month
2023-08 - 2024-07
Low
$1,159
Average
$1,664
High
$2,634
Is Airbnb Profitable in Cyprus?
Yes, there is good short-term rental demand. A 64% median occupancy rate is considered a good market for Airbnb. The graph below shows the average monthly host income by month.
Tip! investing in a short-term rental can be highly stable and profitable. It’s stable because housing has been one of the most stable asset classes. Also, when you can’t do an Airbnb anymore, you can still rent it out to a long-term tenant with a lower yield. It is highly profitable because the monthly cash flow from short-term rental investment typically is double the amount of traditional rentals.
Starting an Airbnb in Cyprus
Short-term rental regulation is lenient in Cyprus. Very few Airbnb listing currently have put their license number on their Airbnb listing. This likely means the local government is not strictly enforcing the short-term rental-related regulations.
Average Airbnb Occupancy Rate in Cyprus
A typical listing recorded a 64% average occupancy rate between 2023-08 - 2024-07. In this graph, you can see the occupancy rate distribution. About 93.9% of the guests are international guests, and visitors from United kingdom is the largest group. Learn more about guest origin!.
You can find the distribution graph of daily rate and revenue in our market dashboard.
You can find the distribution graph of daily rate and revenue in our market dashboard.
Occupancy Rate: 64%
11,591 Active Listings
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Explore Cyprus's Airbnb Data ⟶
Best Areas in Cyprus for Airbnb
Are you wondering where to invest in Cyprus? Look no further!
- Paphos
- Limassol
- Ayia Napa
- Nicosia
- Larnaca
- Protaras
- Troodos Mountains
- Polis
- Kyrenia
- Akamas Peninsula
Top demand Airbnb in Cyprus
Airbtics has been tracking all Airbnb listings since 2019. This allows us to understand interesting metrics, like which properties earn the most in the market. Here are our top picks. Go to the app to find detailed information about 11,591 listings.
See 11,591 listing Statistics
Professional Short-term rental property managers in Cyprus
We've compiled a list of host profiles that manage the most Airbnb properties in Cyprus. The dashboard shows their average occupancy rate, revenue, and year-over-year changes.
Other short-term rental market data in Cyprus
Here is a breakdown of short-let properties in Cyprus. You might wonder about more specific data before buying an Airbnb property. For example, how much can an average listing with 4 bedrooms and a pool make? Or, what is the seasonality in booking? When is the peak month? Click the below button and check out more in-depth vacation rental data for free.
Property Size
Amenities
Property Type
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By Channel Type