Rising rents in Cyprus absorb growing share of household income

Finding a home at a reasonable price in Cyprus is becoming increasingly difficult, with rents continuing to absorb a growing share of household income , especially for low-income earners, according to data presented by Philenews.

For many households, an average salary must now cover rent or a mortgage payment first , before electricity, food and other essential expenses are even taken into account. In some cases, rental costs appear to