Nicosia

As of June 2026, Nicosia, Kyrenia, Famagusta have 650 active Airbnb and VRBO listings. This represents a 0% decrease from the previous year.

The average Airbnb or VRBO in Nicosia generates €12K per year. High-performing properties earn €26K/year, while low-performing properties earn €4K/year. The wide revenue variance suggests that earnings are heavily tied to specific asset positioning rather than uniform market performance, as supply levels remain stagnant.

Airbnb and VRBO can be profitable in Nicosia. Average annual revenue is €12K with 37% occupancy. High-performing properties earn up to €26K/year. The gap between average and top-tier earners highlights a polarized market where occupancy constraints limit the upside for the majority of listings.

The average occupancy rate for Airbnbs and VRBOs in Nicosia is 37%. This occupancy level, combined with an average nightly rate of €85, results in a RevPAR (revenue per available room) of €23 per day.

3-bedroom properties demonstrate the strongest performance in Nicosia, with annual revenue of €15K. These properties balance operating costs and rental demand most effectively in the Nicosia market. Property performance varies significantly by location, amenities, and management quality.

Short-term rental regulations vary by jurisdiction in the Nicosia area. I don't have reliable current data on short-term rental regulations and enforcement reality for Nicosia, Kyrenia, and Famagusta in Cyprus. The regulatory situation in Cyprus, particularly in the northern part (where Kyrenia and part of Famagusta are located), is complex due to the political division of the island. Without verified information on actual enforcement practices and operating conditions on the ground, I recommend contacting local tourism authorities or property management companies in each city for current requirements. Always verify current regulations with local authorities and obtain necessary permits before operating a short-term rental.

The Nicosia Airbnb and VRBO market is currently showing balanced conditions. Supply has declined 0% year-over-year, while RevPAR has increased 1%. This indicates balanced supply-demand dynamics. The lack of supply growth alongside rising revenue suggests a stable environment where current inventory is effectively absorbing existing demand.

Launch around July, 2-3 months before peak fall season (October peaks). This pre-peak timing lets you build reviews when competition is -16% lower than peak months. Avoid launching during peak season when established listings dominate, or slow months (May-July) when gaining traction is harder.

The most common amenities in Nicosia listings include: Air Conditioning (99%), Kitchen (96%), Tv (94%), Washing Machine (90%), Heating (76%). Amenities that boost revenue the most include Washing Machine, Bbq, Pets Allowed, with Washing Machine properties earning approximately 31% more (€18K/year vs €13K/year).

Monthly estimated revenue per listing in Nicosia over the last 12 months: May: €569, June: €614, July: €537, August: €555, September: €864, October: €935, November: €862, December: €764, January: €662, February: €567, March: €635, April: €760. These figures are based on RevPAR (revenue per available room) multiplied by the number of days in each month.

The overall average nightly rate in Nicosia is €85, up 29% year-over-year. By property size: 1-bedroom properties average €68/night, 2-bedroom properties average €95/night, 3-bedroom properties average €148/night, 4+ bedroom properties average €161/night. Rates peak in October and are lowest in May.

Guests in Nicosia book an average of 22 days in advance, down 27% from last year. By property size: 1-bedroom: 20 days, 2-bedroom: 22 days, 3-bedroom: 33 days, 4+ bedroom: 38 days. Larger properties tend to have longer booking windows as guests plan group trips further ahead.

Over the past year, the Nicosia Airbnb and VRBO market has seen the following changes: supply declined 0%, revenue per listing increased 1%, occupancy fell 8%, average nightly rates increased 29%, and lead time decreased 27%. These shifts point to a transition toward shorter-notice bookings and higher pricing power despite weakening utilization rates.

In Nicosia, Friday sees the highest booking demand while Monday has the lowest. Nightly rates peak on Friday and are lowest on Sunday. Weekends show 6% higher occupancy than weekdays.