A few years ago, the first questions at a rental viewing were about the rent, the parking and how far the flat was from work. Today, more and more tenants ask something else: “How much was the electricity bill last August?”
It’s a fair question. In a Cypriot summer, air conditioning runs for hours every day, and a poorly insulated apartment can turn a reasonable rent into an expensive home. Tenants have noticed. For landlords, energy efficiency is no longer a nice extra. It increasingly affects how quickly a property lets, who rents it and how long they stay.
Why tenants care more than before
The rent is only part of the cost. Tenants now think in terms of total monthly outgoings. Two flats at the same rent can cost very different amounts to live in once electricity is added.
More people work from home. Someone at home all day needs the space cool in summer and warm in winter, not just in the evenings. That makes running costs far more visible.
Comfort matters. A west-facing bedroom that becomes unbearable by late afternoon, or single-glazed windows that let in noise and heat, affect daily life as much as the budget.
Expectations have risen. Tenants who have lived in newer buildings with good insulation and efficient air conditioning don’t want to go back.
What tenants notice
Most tenants won’t read a technical report, but they pay attention to the things they can see and feel:
- The energy performance certificate. It shows the property’s energy class. In Cyprus, a certificate is generally required when a property is let, so tenants increasingly ask to see it.
- Windows. Double glazing and good seals keep heat and noise out.
- Air-conditioning units. Newer inverter units cost less to run than old ones and are quieter.
- Water heating. A working solar water heater keeps hot water costs low for much of the year.
- Shading. External shutters, awnings and covered verandas make a real difference in summer.
- Lighting. LED lighting throughout is a small detail that tenants appreciate.
What it means for landlords
An energy-efficient property tends to:
- Let faster, because it stands out among similar listings.
- Attract better tenants, often professionals and families who plan to stay longer.
- Reduce turnover, since tenants are less likely to leave over high bills or discomfort.
- Hold its value, as buyers increasingly look at energy performance too.
A less efficient property can still let, but it may take longer, and the landlord may find themselves negotiating on rent to make up for higher running costs.
Upgrades worth considering
You don’t have to rebuild a property to improve it. Some changes cost relatively little and make a noticeable difference:
- Replace old air-conditioning units with efficient inverter models.
- Service the solar water heater, or install one if there isn’t one.
- Switch to LED lighting.
- Add or repair external shutters and seals around doors and windows.
Larger investments bring bigger gains:
- Roof insulation, which matters most on top-floor apartments and houses.
- Double-glazed windows.
- Wall insulation.
- Solar panels, where the building allows them.
Government grant schemes for energy upgrades have been available at different times. Check what is open now before you plan any works.
Telling tenants about it
If you’ve invested in energy efficiency, make sure it shows. Mention the energy class, new air conditioning, double glazing or solar panels in the listing description. If you can, share approximate monthly bills. Tenants value clear information, and it helps your property stand out from similar ones nearby.
A small change in thinking
Energy efficiency used to be something tenants accepted or put up with. Today it’s part of how they choose. Landlords who see it as part of the property’s value, not just a cost, are usually the ones who let more easily and keep good tenants longer.
Thinking about letting your property, or upgrading it first? G&P Lazarou Estate Agents can advise on what tenants in your area are looking for and help you find the right one. Call +357 22024949, email info@gplazarou.com or visit gplazarou.com.
Discover available houses for sale in Cyprus
View residential plots for sale in Cyprus
Explore modern apartments for sale in Cyprus
Browse commercial properties for sale in Cyprus
Discover available houses for rent in Cyprus
Explore modern apartments for rent in Cyprus