Three to four years ago the rental market in Cyprus was traditionally made up of local Cypriots looking for a place to rent, writes Simon Tweddle.

Prices for a 2-bed apartment in a complex without a pool, ranged from 80-90 CYP and 3 beds ranged from 110-120 CYP.

Currently, 2 beds cost around 280-300 CYP and 3 beds 350-400 CYP, in a complex with a pool (as most complexes are now built with pools).

This is a three fold increase in as many years.

In this time property prices have increased 30-40%, meaning that locals are finding it harder to buy their own place and subsequently have to rent instead, further keeping an upward pressure on rental prices.