Within the commercial property market of Nicosia the demand is still high only in the central of Nicosia, which is balanced by the available supply. Therefore, vacancy rate is very low, estimated at 5% to 8%. Supply is expected to be steady throughout this year. Investment yields are in the range of 5.5% - 6.5% (Gross), while average rental prices have decreased by 15% since 2000. Current rental levels are considered sustainable.
