- Cyprus Property News Magazine - http://www.news.cyprus-property-buyers.com -

Census reveals changing faces of population & housing

THE POPULATION census that was launched in October last year has now been completed and the Cyprus Statistical Service (CySTAT) has published the preliminary results of its analysis relating to population and housing.

Population

The Island’s population has increased by 21.7% from 689,565 since the previous census in 2001 to reach 838,897. Paphos had the highest growth rate at 33.0%, followed by Larnaca at 24.4%, Famagusta at 23.1%, Limassol at 19.6% and finally Nicosia at 19.0%.

Foreigners now account for more than 1 in 5 of the population at 21.4% having risen from less that 1 in 10 (9.4%) a decade ago. The majority of those are from Greece, followed by the United Kingdom, Romania and Bulgaria.

Cyprus population at 2011 census

Housing

The number of housing units has increased by 47.2% over the past 10 years, rising from 293,985 in 2001 to 432,736 at the time of the latest census. Compared with 2001 the largest increase in the number of housing units is in Paphos, where they have increased by 88.0%, followed by Famagusta, where they are up by 79.5%.

It is worth noting that the number of vacant/secondary housing units has increased by 90.1% since the previous census in 2001. In Paphos and Famagusta, the areas once popular with overseas (most notably British) buyers, the number of housing units has more than doubled to reach 156.2% and 149.8% respectively.

It is also worth noting that number of vacant/secondary housing units in Famagusta and Paphos exceeds the number of occupied units in both districts.

Cyprus housing units 2001 and 2011

These numbers do not include the thousands of unsold and partly-built properties littering the areas once popular with overseas property investors.

Further reading

Cyprus Statistical Service Preliminary Results of the Census of Population, 2011