Impact of the war in Ukraine on long term rentals

by William
(Tienen, Belgium)

I want to move from Belgium to Cyprus somewhere middle in the summer.

I know it will be the middle of the tourist season and I wonder also whether the influx of refugees will put pressure on the long term rental market, or the absence of Russian tourists maybe. I'm trying to find a small quiet
studio ( no luxury needed ) somewhere not too far from the sea, no specific region. At this time the prices are around 350 € ( which I would like to get ) and up. What can I expect around july - august ? will these rates still be available ? It's not exactly a tourist question but I would appreciate it if you would share your thoughts / advice with me.
Thank you and have a nice day

William

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Apr 29, 2022

by: Helen

I'm not an expert on the rental market here other than to say that rents have been increasing over the last 12 months.

Refugees don't make so much difference as they are often housed by the government.

But rates in high summer are obviously higher and it depends on the location. Next to the sea you pay a premium! You would be lucky to get anything under €400/month in July/Aug. Also bear in mind that owners would rather rent weekly and get the same amount ie. €400/week rather than offer a long term rent which is ,ore preferable in low season when there aren't so many tourists.

Good luck

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