Airbnb Market Analytics, Statistics and Data in Nicosia, Cyprus, Cyprus
Last updated: 2025-01-31
Looking to make more money with hosting or rental arbitraging Airbnbs, short-term rentals, vacation rentals in Nicosia? AirROI have just the data insights! Over the last twelve months from February 2024 to January 2025, we've uncovered key trends and opportunities that successful hosts are leveraging in Nicosia:
How much do Airbnb hosts make on average per month in Nicosia?
The short-term rental market in Nicosia shows distinct revenue patterns across different property tiers. Our analysis reveals that successful properties combine strategic pricing with quality management to maximize earnings potential. Market data demonstrates clear revenue differentiation among properties:
- Typical properties (median) earn $990 per month
- Strong performing properties (top 25%) make $1,586 or more
- Best-in-class properties (top 10%) achieve $2,143+ monthly
- Entry-level properties (bottom 25%) typically earn around $447
Revenue Variations by Month
Occupancy Rates Throughout the Year in Nicosia
The market in Nicosia shows distinct occupancy patterns influenced by seasonal trends and local dynamics. Properties that maintain high guest satisfaction scores and implement strategic pricing consistently achieve stronger occupancy rates. Current market data shows:
- Typical properties (median) maintain 42% occupancy rates
- Strong performing properties (top 25%) achieve 66% or higher
- Best-in-class properties (top 10%) reach 83%+occupancy
- Entry-level properties (bottom 25%) average around 20%
Occupancy Variations by Month
Average Daily Rates Seasonal Trends in Nicosia
Daily rates in Nicosia vary based on seasonality, property quality, and market dynamics. Properties that effectively balance competitive pricing with strong amenities typically command higher rates. Market analysis shows the following rate structure:
- Typical properties (median) generate $61 per night
- Strong performing properties (top 25%) secure $81 or more
- Best-in-class properties (top 10%) pull in $113+ per night
- Entry-level properties (bottom 25%) earn around $44
Daily Rate Variations by Month
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Seasonality patterns in Nicosia
Peak Season (October, April, March)
- Revenue peaks at $1345.93 per month
- Occupancy rates reach 55.66%
- Daily rates average $75.86
Shoulder Season
- Revenue averages $1130.31 per month
- Occupancy maintains 43.83%
- Daily rates hold at $72.55
Low Season (July, August, January)
- Revenue drops to $825.91 per month
- Occupancy decreases to 37.06%
- Daily rates adjust to $70.29
Is it still profitable to do Airbnb in Nicosia in 2025?
Yes! Nicosia demonstrates moderate seasonality with good off-peak opportunities, featuring a growing occupancy rate of 44% and monthly revenue averaging $1130 and As a mature market with 515 active listings, there's strong demand despite the competition. There's also room for profit through rental arbitrage strategies, if you can identify competitively priced properties. To maximize your return on investment, consider employing the following strategies:
Peak Season Strategy
- Implement premium seasonal pricing strategies
- Set longer minimum stay requirements during high-demand periods
- Enforce stricter cancellation policies
Shoulder Season Strategy
- Maintain competitive market-based pricing
- Offer moderate-length stay incentives
- Target a mix of leisure and business travelers with flexible booking terms
- Focus on weekend getaway packages and mid-week business traveler promotions
Low Season Strategy
- Adjust pricing to remain competitive in the market
- Target different guest segments (business travelers, long-term stays, holiday visitors, event attendees, remote workers)
- Create targeted promotional campaigns to drive occupancy
Top Places to Start Airbnb in Nicosia
| Area | Why Choose This Area | Key Attractions |
|---|---|---|
| Old City | Historical and cultural heart of Nicosia, offering a mix of historical landmarks, museums, and vibrant local life. Ideal for tourists looking to explore Cyprus' rich history and culture. | Ledra Street, Buyuk Han, Cyprus Museum, Selimiye Mosque, Famagusta Gate, Shacolas Tower |
| Makenzy | A trendy area known for its beachfront, restaurants, and nightlife. Attracts both locals and tourists looking for a lively atmosphere and beach activities. | Makenzy Beach, Restaurants and bars, Kition, Larnaca Salt Lake, Mackenzie Beach |
| Agios Andreas | A residential area with a local vibe, close to government institutions and educational campuses. Suitable for long-term rentals and stays for professionals and students. | Nicosia University, Ministry of Foreign Affairs, St. Andrew's Church |
| Strovolos | One of the biggest municipalities of Nicosia, known for its green spaces and family-friendly environment. A good choice for families and expats looking for long-term accommodations. | Strovolos Park, Cafes and shops, Cultural Center |
| Engomi | Home to several universities and institutions, making it popular among students and young professionals. Offers a mix of both residential and rental options. | University of Nicosia, Near the city center, Local cafes and shops |
| Lidra Street | Part of the main shopping area of Nicosia, known for its diverse shops and cultural experiences. A prime location for tourists who want to experience the local lifestyle. | Ledra Street shops, Street performances, Historic cafes |
| Kaimakli | An up-and-coming neighborhood with a bohemian atmosphere and artistic vibe. Attracts a younger demographic and those looking for unique experiences away from the mainstream. | Art galleries, Local markets, Traditional cafes |
| Pallouriotissa | A multicultural district with a mix of new developments and traditional houses. Offers a unique blend of history and modern urban living, appealing to diverse travelers. | Galleries, Local eateries, Cultural festivals |
Do you need a license for Airbnb in Nicosia?
We recommend checking directly with Nicosia's local government regarding short-term rental licensing requirements. Current market data shows limited licensing information (11% of listings), making it essential to verify current regulations before starting your Airbnb business.
Top Performing Airbnb Properties in Nicosia
Sky View Residence | Central | 24/7 Gym | Parking
Entire Place • 2 bedrooms
WealthyStays: Nicosia Heights
Entire Place • 2 bedrooms
Top Floor 2 Bed with View of Venetian Walls
Entire Place • 2 bedrooms
Luxury Apartment with Pool & Gym | by Platform 357
Entire Place • 3 bedrooms
A spectacular suite apartment on a new high rise
Entire Place • 1 bedroom
Urban Condo 12 | 2-bdr
Entire Place • 2 bedrooms
Top Performing Professional Hosts in Nicosia
| Host Name | Properties | Grossing Revenue | Stay Reviews | Avg Rating |
|---|---|---|---|---|
| Simon | 35 | $282,256 | 314 | 3.08/5.0 |
| WealthyStays | 3 | $142,519 | 31 | 4.76/5.0 |
| Phaedrus Living | 9 | $141,163 | 98 | 3.77/5.0 |
| Hilmi Öztürk | 12 | $137,328 | 163 | 4.97/5.0 |
| Panayiotis | 10 | $123,621 | 419 | 4.68/5.0 |
| Deniz | 8 | $120,789 | 285 | 4.89/5.0 |
| Katalin | 12 | $119,799 | 778 | 4.54/5.0 |
| Stay | 12 | $119,594 | 58 | 3.28/5.0 |
| Izabella | 4 | $107,584 | 124 | 4.90/5.0 |
| Christina | 4 | $98,570 | 366 | 4.92/5.0 |
Additional analytics on vacation rental, real estate, short term rental data in Nicosia
AirROI also have other key metrics and comprehensive data for your vacation rental, real estate needs. Go explore the advanced metrics that can help you make informed decisions:
Room Type Distribution
Property Type Distribution
Key Insights
- Market dominated by entire home listings (84.5%), with apartment & condo and house properties comprising 96.1% of inventory
- Untapped potential in boutique & hotels, others, unique stays segments (3.9% combined)
Room Capacity Distribution
Analysis of 515 properties in Nicosia shows that 1 bedroom properties are most prevalent, making up 42.9% of the market. The market tends to favor smaller properties, with 1 bedroom and 2 bedrooms together representing 76.3% of all listings.
Key Insights
- Most common: 1 bedroom (42.9%)
- Least common: 4 bedrooms (1%)
- Market concentration: 76.3% in top 2 sizes
- Market skew: Favors smaller properties
Guest Capacity Distribution
Analysis of 515 properties in Nicosia reveals that 2 guests properties dominate the market, representing 35.3% of all listings. The average property accommodates 3.0 guests, with a clear trend towards smaller guest capacities. Properties accommodating 2 guests and 4 guests make up 62.9% of the market.
Key Insights
- Most common capacity: 2 guests (35.3% of market)
- Least common capacity: 8+ guests (0.2% of market)
- Average guest capacity: 3.0 guests per property
- Market concentration: 62.9% in top 2 capacity sizes
- Market segmentation: Predominantly smaller guest capacities
Booking and Availability Patterns
Available Days Distribution
Booked Days Distribution
Among 515 properties in Nicosia, the most common availability pattern is 271-366 days (41.9% of properties). For actual bookings, properties most frequently secure bookings for 91-180 days (26.8% of properties).
Key Insights
- Most common availability window: 271-366 days (41.9%)
- Most common booking duration: 91-180 days (26.8%)
- Properties with high availability (180+ days): 69.3%
- Properties with long-term bookings (180+ days): 32.8%
Minimum Stay Distributions
1 Night
146 listings
30.3% of total
2 Nights
146 listings
30.3% of total
3 Nights
92 listings
19.1% of total
4-6 Nights
36 listings
7.5% of total
7-29 Nights
19 listings
3.9% of total
30+ Nights
43 listings
8.9% of total
Key Insights
- Short stays (1-2 nights) dominate the market at 60.6%
- Mid-length stays (4-6 nights) represent 7.5% of listings
- Monthly+ stays (8.9%) suggest a stable extended-stay market
- High market flexibility with 79.7% accepting 3 nights or less
Recommendations
- Set minimum stays between 2-3 nights to align with market standards
- Adjust minimum stays seasonally based on demand patterns
- Consider monthly stay discounts to capture the growing extended-stay market
- Implement different minimum stays for weekends vs. weekdays
Cancellation Policy Distribution
Super Strict 60 Days
7 listings
1.6% of total
Non-refundable
1 listings
0.2% of total
Refundable
2 listings
0.5% of total
Flexible
141 listings
32.1% of total
Moderate
102 listings
23.2% of total
Firm
59 listings
13.4% of total
Strict
127 listings
28.9% of total
Key Insights
- Flexible is the preferred policy at 32.1% of listings
- The market shows a balanced distribution between guest-friendly (55.3%) and strict (42.3%) policies
- Strong market consensus around Flexible policies
- Non-refundable policies are least common at 0.2% of listings
Recommendations
- Market supports various policies - choose based on your property type and target guests
- Strong market preference for Flexible policies suggests this should be your baseline
- Consider generous cancellation terms as a competitive advantage
Booking Lead Time Trends
Key Insights
- Peak booking lead times occur in May, Aug, Apr, averaging 46 days
- Shortest booking windows are in Mar, Dec, Jan, averaging 28 days
- Summer shows the longest average booking window at 43 days, while Winter has the shortest at 30 days
Recommendations
- Implement dynamic pricing strategies for Summer bookings at least 43 days in advance
- Consider early bird discounts during Winter to encourage longer lead times
- Focus on last-minute booking promotions during Mar-Jan when lead times are shortest
Popular Airbnb Amenities in Nicosia
Below is the distribution of amenities across listings in Nicosia:
Traveler Demographics
Key Insights
- Domestic travelers make up 14.1% of total guests, indicating a mostly international-driven market.
- Primary international markets: Cyprus (27.2%) and Germany (16.8%)
- English is the top language at 57.4%, followed by Greek (12.6%)
- Notable demographic segment in <=1950s (Pre-1950s (Silent Gen)) at 5.2%
Recommendations
- Target marketing campaigns for London and Nicosia markets
- Develop localized content for Cyprus and Germany
- Prioritize English and Greek language support
- Tailor experiences for Pre-1950s (Silent Gen) while maintaining broad age appeal
- Implement seasonal promotions aligned with key market travel patterns
Nearby Markets
Explore short-term rental performance in markets surrounding Nicosia. These nearby markets offer diverse opportunities for property investors and hosts:
| Market | Properties | Monthly Revenue | Daily Rate | Occupancy |
|---|---|---|---|---|
| Κοινότητα Έμπας | 11 | $2,363 | $213.55 | 46% |
| Sotira | 149 | $2,232 | $288.50 | 38% |
| Tsada | 12 | $2,209 | $193.88 | 48% |
| Pachna | 11 | $2,185 | $191.31 | 48% |
| Kouklia | 103 | $1,989 | $394.69 | 33% |
| Peristerona | 11 | $1,956 | $247.53 | 38% |
| Zygi | 12 | $1,943 | $108.85 | 56% |
| Pervolia | 93 | $1,919 | $172.12 | 47% |
| Κοινότητα Μουτταγιάκας | 14 | $1,884 | $154.54 | 41% |
| Peyia | 612 | $1,865 | $259.28 | 41% |
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