Telecoms & Satellite Communications Guide Cyprus
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<strong>Cyprus</strong>Profile Digital Series<br />
<strong>Telecoms</strong> & <strong>Satellite</strong> Communication<br />
Comparison of Estimated Average Rent Levels<br />
for Flats, 2020 (Brussels = 100)<br />
Note: Rents in currencies other than the Euro were converted according to the exchange rate as of 1 July 2020.<br />
Source: Eurostat<br />
300<br />
European<br />
Union<br />
Europe<br />
(others)<br />
200<br />
100<br />
Dublin<br />
Copenhagen<br />
Paris<br />
Stockholm<br />
Luxembourg<br />
Helsinki<br />
Madrid<br />
The Hague<br />
Berlin<br />
Lisbon<br />
Budapest<br />
Valletta<br />
Rome<br />
Prague<br />
Vienna<br />
Tallinn<br />
Ljubljana<br />
Vilnius<br />
Brussels<br />
Athens<br />
Zagreb<br />
Bratislava<br />
Warsaw<br />
Riga<br />
Bucharest<br />
Nicosia<br />
Sofia<br />
London<br />
Geneva<br />
Rejkjavik<br />
Oslo<br />
Podgorica<br />
249<br />
214<br />
205<br />
194<br />
196<br />
180<br />
154<br />
139<br />
129<br />
127<br />
117<br />
122<br />
115<br />
113<br />
118<br />
99<br />
101<br />
101<br />
100<br />
90<br />
92<br />
86<br />
85<br />
78<br />
83<br />
69<br />
53<br />
287<br />
234<br />
179<br />
166<br />
61<br />
0<br />
COMMERCIAL PROPERTY<br />
In terms of office rental prices, the most expensive city is Limassol with €18 per<br />
square metre. In Nicosia, it is €15 per sq.m, in Larnaca and Paphos €12 per sq.m<br />
and in Famagusta €10 per sq.m.<br />
Office Rental Prices per City<br />
Sale Prices (per m 2 ) Rental Prices (per m 2 )<br />
Famagusta €1,500 €10<br />
Larnaca €2,000 €12<br />
LImassol €4,000 €18<br />
Nicosia €3,200 €15<br />
Paphos €1,800 €12<br />
Source: Danos International Property Consultants<br />
HUMAN RESOURCES<br />
Well-trained and versatile, the Cypriot workforce is one of the island’s most valuable<br />
resources, offering high standards of productivity, technical expertise and<br />
professional excellence at reasonable costs to businesses.<br />
According to the Statistical Service in <strong>Cyprus</strong>, the country records the most<br />
higher education graduates per capita (age 30-34) in the European Union.<br />
The island’s labour force numbers some 416,500 persons in the Republic of<br />
<strong>Cyprus</strong>, with some 78.3% working in the services sector, 19.1% in industry and<br />
only 2.6% in agriculture.<br />
39
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