Airbnb Market Analytics, Statistics and Data in Famagusta, Northern Cyprus, Cyprus
Last updated: 2025-01-31
Looking to make more money with hosting or rental arbitraging Airbnbs, short-term rentals, vacation rentals in Famagusta? 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 Famagusta:
How much do Airbnb hosts make on average per month in Famagusta?
The short-term rental market in Famagusta 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 $692 per month
- Strong performing properties (top 25%) make $1,119 or more
- Best-in-class properties (top 10%) achieve $1,454+ monthly
- Entry-level properties (bottom 25%) typically earn around $319
Revenue Variations by Month
Occupancy Rates Throughout the Year in Famagusta
The market in Famagusta 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 36% occupancy rates
- Strong performing properties (top 25%) achieve 62% or higher
- Best-in-class properties (top 10%) reach 79%+occupancy
- Entry-level properties (bottom 25%) average around 19%
Occupancy Variations by Month
Average Daily Rates Seasonal Trends in Famagusta
Daily rates in Famagusta 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 $54 per night
- Strong performing properties (top 25%) secure $68 or more
- Best-in-class properties (top 10%) pull in $97+ per night
- Entry-level properties (bottom 25%) earn around $40
Daily Rate Variations by Month
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Seasonality patterns in Famagusta
Peak Season (June, July, August)
- Revenue peaks at $1075.24 per month
- Occupancy rates reach 52.85%
- Daily rates average $68.88
Shoulder Season
- Revenue averages $782.90 per month
- Occupancy maintains 40.84%
- Daily rates hold at $64.77
Low Season (November, December, January)
- Revenue drops to $453.81 per month
- Occupancy decreases to 30.01%
- Daily rates adjust to $59.82
Is it still profitable to do Airbnb in Famagusta in 2025?
Yes! Famagusta demonstrates highly seasonal trends requiring strategic adaptation, featuring a growing occupancy rate of 41% and monthly revenue averaging $783 and The market's 108 active listings indicate growing demand with plenty of opportunity for new properties. 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 Famagusta
| Area | Why Choose This Area | Key Attractions |
|---|---|---|
| Varosha | A historically significant area with beautiful architecture and stunning beachfront. Despite its past, it is an emerging destination for those seeking to explore the rich history and vibrant culture of Cyprus. | Ghost Town of Varosha, Famagusta Beach, St. Nicholas Cathedral, Lala Mustafa Pasha Mosque, Famagusta Salamis Ruins |
| Salamis | An archaeological site with ancient ruins that attract history enthusiasts and tourists interested in ancient civilizations. Its cultural significance makes it a compelling choice for Airbnb hosting. | Ancient Salamis, Salamis Beach, Royal Tombs of Salamis, The Gymnasium, The Amphitheater |
| Karpaz Peninsula | Known for its breathtaking natural beauty, pristine beaches, and unique wildlife. Ideal for nature lovers and travelers seeking tranquility away from urban life. | Golden Beach, Karpaz National Park, Cape Karpaz, Sea Turtle Nesting Grounds, Dipkarpaz Village |
| Cape Greco | A natural park with stunning coastal scenery, ideal for outdoor activities like hiking and diving. A popular spot among tourists looking for adventure and nature excursions. | Cape Greco National Park, Sea Caves, Blue Lagoon, Hiking Trails, Diving Spots |
| Ayia Napa | Famous for its vibrant nightlife and beautiful beaches, Ayia Napa attracts a younger crowd and party-goers. A hot spot for tourists looking for entertainment and fun. | Nissi Beach, Ayia Napa Monastery, WaterWorld Waterpark, Clubs and Bars, Ayia Napa Marina |
| Protaras | A family-friendly resort area known for its clean beaches and water activities. Protaras offers a more relaxed atmosphere compared to Ayia Napa, appealing to families and couples. | Fig Tree Bay, Cape Greco Sculpture Park, Protaras Coastal Promenade, Water Sports Centers, Sunrise Beach |
| Famagusta City Center | The historical heart of Famagusta, offering a blend of cultural experiences and local cuisine. It's a great location for travelers looking to explore the local lifestyle. | Famagusta Citadel, Old City Walls, Historical Museums, Local Markets, Restaurants |
| Guzelyurt | A lesser-known area that's rich in agricultural heritage and natural landscapes, appealing to eco-tourists and those looking to experience authentic village life in Cyprus. | Guzelyurt Botanical Gardens, Mavrovo Monastery, Frog Lake, Orange Orchards, Local Wineries |
Do you need a license for Airbnb in Famagusta?
We recommend checking directly with Famagusta's local government regarding short-term rental licensing requirements. Current market data shows limited licensing information (3% of listings), making it essential to verify current regulations before starting your Airbnb business.
Top Performing Airbnb Properties in Famagusta
Sea & City View Apartment
Entire Place • 1 bedroom
Lavender Homes - 1+1 Rental with Private Terrace
Entire Place • 1 bedroom
Panoramic Penthouse
Entire Place • 2 bedrooms
Lavender Homes - 1+1 Rental with Front Balcony
Entire Place • 1 bedroom
Lavender Homes - 1+1 Rental, Walled City
Entire Place • 1 bedroom
Best Kept Secret by the Sea (next to Varosha)
Entire Place • 1 bedroom
Top Performing Professional Hosts in Famagusta
Additional analytics on vacation rental, real estate, short term rental data in Famagusta
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 (80.6%), with apartment & condo and boutique & hotels properties comprising 75.9% of inventory
- Strong specialty sector (22.2%) combining boutique hotels, unique stays, and outdoor accommodations indicates market maturity and premium opportunities
- Untapped potential in others segments (4.6% combined)
Room Capacity Distribution
Analysis of 108 properties in Famagusta shows that 1 bedroom properties are most prevalent, making up 49.1% of the market. The market tends to favor smaller properties, with 1 bedroom and 2 bedrooms together representing 80.6% of all listings.
Key Insights
- Most common: 1 bedroom (49.1%)
- Least common: 5+ bedrooms (0.9%)
- Market concentration: 80.6% in top 2 sizes
- Market skew: Favors smaller properties
Guest Capacity Distribution
Analysis of 108 properties in Famagusta reveals that 2 guests properties dominate the market, representing 31.5% of all listings. The average property accommodates 3.4 guests, with a clear trend towards smaller guest capacities. Properties accommodating 2 guests and 4 guests make up 56.5% of the market.
Key Insights
- Most common capacity: 2 guests (31.5% of market)
- Least common capacity: 1 guest (0.9% of market)
- Average guest capacity: 3.4 guests per property
- Market concentration: 56.5% in top 2 capacity sizes
- Market segmentation: Predominantly smaller guest capacities
Booking and Availability Patterns
Available Days Distribution
Booked Days Distribution
Among 108 properties in Famagusta, the most common availability pattern is 271-366 days (47.2% of properties). For actual bookings, properties most frequently secure bookings for 91-180 days (32.4% of properties).
Key Insights
- Most common availability window: 271-366 days (47.2%)
- Most common booking duration: 91-180 days (32.4%)
- Properties with high availability (180+ days): 77.8%
- Properties with long-term bookings (180+ days): 23.1%
Minimum Stay Distributions
1 Night
21 listings
21.2% of total
2 Nights
54 listings
54.5% of total
3 Nights
15 listings
15.2% of total
4-6 Nights
8 listings
8.1% of total
7-29 Nights
1 listings
1% of total
Key Insights
- Short stays (1-2 nights) dominate the market at 75.7%
- Mid-length stays (4-6 nights) represent 8.1% of listings
- Monthly+ stays (0%) suggest a stable extended-stay market
- High market flexibility with 90.9% 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
- Implement different minimum stays for weekends vs. weekdays
Cancellation Policy Distribution
Flexible
37 listings
48.7% of total
Moderate
11 listings
14.5% of total
Firm
4 listings
5.3% of total
Strict
24 listings
31.6% of total
Key Insights
- Flexible is the preferred policy at 48.7% of listings
- Guest-friendly policies (Flexible & Moderate) dominate at 63.2% of the market
- Strong market consensus around Flexible policies
- Firm policies are least common at 5.3% of listings
Recommendations
- Consider starting with a Flexible policy to align with market preferences
- 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 Jul, Jun, Aug, averaging 53 days
- Shortest booking windows are in Mar, Nov, Feb, averaging 22 days
- Summer shows the longest average booking window at 53 days, while Winter has the shortest at 30 days
Recommendations
- Implement dynamic pricing strategies for Summer bookings at least 53 days in advance
- Consider early bird discounts during Winter to encourage longer lead times
- Focus on last-minute booking promotions during Mar-Feb when lead times are shortest
Popular Airbnb Amenities in Famagusta
Below is the distribution of amenities across listings in Famagusta:
Traveler Demographics
Key Insights
- Domestic travelers make up 5% of total guests, indicating a mostly international-driven market.
- Primary international markets: Turkey (21.4%) and United Kingdom (18.8%)
- English is the top language at 49%, followed by Turkish (30.9%)
- Notable demographic segment in <=1950s (Pre-1950s (Silent Gen)) at 6.2%
Recommendations
- Target marketing campaigns for İstanbul and Ankara markets
- Develop localized content for Turkey and United Kingdom
- Prioritize English and Turkish 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 Famagusta. 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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