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Real Estate Average Salaries in Cyprus 2019

How much money does a person working in Real Estate make in Cyprus?

3,775 EUR per month
Average Monthly Salary
A person working in Real Estate in Cyprus typically earns around 3,775 EUR per month.
This is the average monthly salary including housing, transport, and other benefits.
Salaries differ drasticly between different Real Estate jobs. If you are interested in the salary of a particular job, see below for salaries for specific job titles.

Salaries for specific jobs

Job TitleAverage Salary
Acquisition Associate2,657 EUR
Assistant Leasing Manager3,471 EUR
Assistant Property Manager3,788 EUR
Brokerage3,055 EUR
Commercial Leasing Manager5,233 EUR
Commercial Real Estate Manager5,210 EUR
Community Development Manager4,649 EUR
Compliance Specialist3,008 EUR
Development Coordinator2,831 EUR
Lease Administrator3,405 EUR
Leasing Agent2,907 EUR
Leasing Consultant3,378 EUR
Leasing Manager3,747 EUR
Lettings Assistant2,101 EUR
Portfolio Analyst 4,337 EUR
Portfolio Manager5,103 EUR
Property Acquisition Agent3,292 EUR
Property and Claims Specialist3,447 EUR
Property Manager4,053 EUR
Property Operations Manager5,040 EUR
Property Tax Assistant2,693 EUR
Real Estate Administrator3,243 EUR
Real Estate Agent2,954 EUR
Real Estate Analyst3,846 EUR
Real Estate Appraiser3,956 EUR
Real Estate Assistant2,689 EUR
Real Estate Association Manager3,698 EUR
Real Estate Broker3,067 EUR
Real Estate General Manager5,234 EUR
Real Estate Project Manager4,305 EUR
Real Estate Sales Agent2,978 EUR
Real Estate Valuer3,935 EUR
Research Analyst3,223 EUR
Residential Advisor3,269 EUR
Residential Property Manager3,923 EUR
Shopping Center Manager4,899 EUR
Town Planner5,234 EUR

Real Estate Jobs Salary Distribution in Cyprus

Median and salary distribution monthly Cyprus Real Estate

Abount These Figures: Salary Range, Median and Percentiles

The Real Estate salaries in Cyprus range between 2,068 EUR per month (minimum salary) to 5,909 EUR per month (maximum salary).

The median salary is 3,662 EUR per month, which means that half (50%) of people working in Real Estate are earning less than 3,662 EUR while the other half are earning more than 3,662 EUR. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of people working in Real Estate are earning less than 2,579 EUR while 75% of them are earning more than 2,579 EUR. Also from the diagram, 75% of people working in Real Estate are earning less than 4,499 EUR while 25% are earning more than 4,499 EUR.

What is the difference between the median and the average salary? What should you be looking at?

Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plently of room for improvement. If your wage is in between the average and median, then things can be a bit confusing. We have written a guide to explain all the different senarios. How to compare your salary

Real Estate Salary Forecast and Trend in Cyprus

How do Real Estate salaries change over time? Listed below is a chart that shows the average salary in recent years.

Salary trends and forecast monthly Cyprus Real Estate
Average Salary 2016    =  
3,506 EUR
Average Salary 2017    +4%  
3,636 EUR
Average Salary 2018    +2%  
3,694 EUR
Average Salary 2019    +2%  
3,775 EUR
Percentage increase and decrease are relative to the previous value
Real Estate salaries in Cyprus are rising in the year 2019 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 2% higher than those of 2018. The trend suggests a slow yet continous increase in pay in 2020 and future years. These numbers differ slightly from industry to another.

Real Estate Hourly Average Wage in Cyprus

22 EUR per hour
Average Hourly Wage

The average hourly wage (pay per hour) in Cyprus for Real Estate is 22 EUR. This means that the average person in Cyprus earns approximatly 22 EUR for every worked hour.

Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

The hourly wage is the salary paid in one working hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and annual vacation allowance. The figures mentioned above are good approximation and they are considered to the be the standard.

Real Estate VS Other Jobs

Salary Comparison Between Real Estate and Real Estate monthly CyprusWe compared Cyprus salaries for Real Estate and All Jobs and we found that Real Estate salaries are 10% more than those of All Jobs.

Salary Comparison By City

CityAverage Salary
Larnaka3,323 EUR
Limassol3,926 EUR
Nicosia3,636 EUR
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