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
|Acquisition Associate||2,657 EUR|
|Assistant Leasing Manager||3,471 EUR|
|Assistant Property Manager||3,788 EUR|
|Commercial Leasing Manager||5,233 EUR|
|Commercial Real Estate Manager||5,210 EUR|
|Community Development Manager||4,649 EUR|
|Compliance Specialist||3,008 EUR|
|Development Coordinator||2,831 EUR|
|Lease Administrator||3,405 EUR|
|Leasing Agent||2,907 EUR|
|Leasing Consultant||3,378 EUR|
|Leasing Manager||3,747 EUR|
|Lettings Assistant||2,101 EUR|
|Portfolio Analyst ||4,337 EUR|
|Portfolio Manager||5,103 EUR|
|Property Acquisition Agent||3,292 EUR|
|Property and Claims Specialist||3,447 EUR|
|Property Manager||4,053 EUR|
|Property Operations Manager||5,040 EUR|
|Property Tax Assistant||2,693 EUR|
|Real Estate Administrator||3,243 EUR|
|Real Estate Agent||2,954 EUR|
|Real Estate Analyst||3,846 EUR|
|Real Estate Appraiser||3,956 EUR|
|Real Estate Assistant||2,689 EUR|
|Real Estate Association Manager||3,698 EUR|
|Real Estate Broker||3,067 EUR|
|Real Estate General Manager||5,234 EUR|
|Real Estate Project Manager||4,305 EUR|
|Real Estate Sales Agent||2,978 EUR|
|Real Estate Valuer||3,935 EUR|
|Research Analyst||3,223 EUR|
|Residential Advisor||3,269 EUR|
|Residential Property Manager||3,923 EUR|
|Shopping Center Manager||4,899 EUR|
|Town Planner||5,234 EUR|
Real Estate Jobs Salary Distribution in Cyprus
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.
|Average Salary 2016|| = |
|Average Salary 2017|| +4% |
|Average Salary 2018|| +2% |
|Average Salary 2019|| +2% |
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
We 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
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