Interesting Statistics - Antonis Loizou & Associates

We have collected several statistical information on the Cyprus real estate market in comparison to European data as these are published by foreign organizations. The statistics are shown here in a shortened version - More details can be found from our Real Estate Index (3rd edition) just published (given for free from all our offices). Mostly in Greek.

Average rental levels of flats (Brussels = 100)	European Investment Market Prospects
Athens 105 Berlin 97 Bonn 96 Brussels 100 Dublin 190 London 350 Madrid 152 Paris 185 Prague 102 Rome 180 Stockholm 160 Valetta 60 Nicosia 65	Dublin 4.70 Budapest 5.0 Athens 5.0 Lisbon 5.30 Amsterdam 5.30 Barcelona 5.30 Zurich 5.50 Brussels 5.50 London 5.50 Paris 5.60 Prague 5.70 Stockholm 5.90 Paris 6.10 Moscow 6.80

Property Yields	Average purchase price (in €/sq.m.) for apartments	Cost of living
Moscow 8%	London 36.825	100
Athens 6.80%	Monaco 32.500	120
Budapest 6.0%	Paris 15.500	89
Warsaw 5.5%	Moscow 13.250	81
Oslo 5.25%	Switzerland 10.200	87
Rome 5.25%	Dublin 9.250	92
Brussels 5.25%	Madrid 7.350	82
Nicosia 4.50%	Majorca 6.325	113
Berlin 4.90%	Cyprus 3.250	80
Vienna 4.90%	Croatia 2.555	74
London (city) 4.50%	Cape Town 1.780	61
Madrid 4.25%	Bulgaria 1.350	73
Dublin 3.75%	Florence 9.750	75
London (W.E) 3.75%	Tuscany 5.500	75
Paris 3.60%	Portugal 4.150	75

Capital Gains Tax (effective)

Taxes on Residents

Denmark 42.25%

U.K. 31.24%

Spain 29.75%

Malta 22.98%

Ireland 18.56%

Sweden 18.18%

France 12.90%

Cyprus 9.84%

Slovenia 8.50%

Russia %

Romania %

Monaco %

Italy %

Greece %

Turkey 30.40%

Poland 29.50%

Denmark 29.40%

Sweden 21.90%

Germany 18.10%

Greece 16.60%

Italy 15.20%

France 15.10%

Spain 10.60%

U.K. 9.80%

Cyprus .1%

It appears that based on this and other information, that ownership tax levels in Cyprus are quite low by comparison to other European cities. Of course the difference of the various statistics is also related to the per capita income per country. Inflation however is erroding Cyprus’ advantages that we have in relation to other European cities and comparing the income of the local citizens of each country by comparison to the sales price/acquisition cost, Cyprus is moving upwards in the cost list.

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