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Bezino Trading Ltd
Esales Property LimitedThe Global Properties website presents over 571 options of various properties for sale in Nicosia from reliable developers and real estate agencies. Use filters to compare offers by price, number of bedrooms, total area and location. Leave your contacts so that an expert can help you find a property in Nicosia that meets your goals and budget.
The cost of property in Nicosia is affected by its size, condition, and location. The initial price of real estate in Nicosia is €500000. You can purchase the most expensive home for €18 million.
The size of property for sale in Nicosia varies in the following limits: the minimum area is 111 m², and the maximum is 13,340 m².
In order for a foreigner to issue a visa through investment, it is required to buy a property in Nicosia on the primary market worth from €300,000 + VAT. The homeowner’s family members have the right to obtain a residence permit as well.
Buyers can choose apartments and villas in the primary and secondary markets. Luxury homes have swimming pools, BBQ areas, patios and indoor parking. Flats and penthouses in the residential complex can be serviced by management companies. The new buildings are equipped with outdoor pools, gyms, sports fields, recreational areas and secured parking.
Yes, it is. The capital is an important economic, technological and educational centre of Cyprus. There are several key reasons to invest in properties in Nicosia, Cyprus:
- A strong real estate market;
- A large selection of houses and apartments in different price ranges;
- The ability to rent out properties to get money back quickly;
- Many historical sites and temples;
- A warm climate: the average annual temperature is +23 °C;
- The coast can be reached in about an hour by car.
The city is home to numerous educational institutions and company offices, residential properties are in great demand among students and specialists who rent apartments for a long time. Several weeks' rent is popular with tourists coming to the city to see the sights and taste the local cuisine.
Property in Nicosia
The city is considered an important financial and business hub with a developed infrastructure, high-quality education and healthcare, which makes it an ideal place to live and work. The capital has a rich cultural heritage, which is reflected in museums, ancient churches and archaeological sites.
There is a large selection of real estate for sale in Nicosia, including:
- Villas with pools, gardens and terraces. Houses can be located in closed areas where there is security and video surveillance;
- Apartments in Nicosia with different layouts and public amenities in new off-plan projects: parking lots, fitness centres, BBQ areas and pools;
- Penthouses located on the upper floors of the complexes. They have a Jacuzzi, terraces and staff rooms.
There are numerous off-plan projects. These are buildings with apartments, such as Stockholm Residence, Cape Town Lofts and Sappho Residence, and settlements with off-plan villas, such as Sicily Residence, Helioupolis, Serenity Villas, Palma Residence and others.
Property prices in Nicosia per 1 m² reach an average of €2,000, which is approximately equal to the cost of housing in Paphos and Larnaca, but lower than in Limassol. The most prestigious areas for moving and investing are the city centre, Ayioi Omoloyites, Strovolos, Aglandjia, Engomi, Lakatamia, and Latchi.
Reasons for investing in property in Nicosia
The country attracts with its unique combination of historical heritage and modern development. Thanks to economic growth, a high standard of living and a flexible tax policy, profitable opportunities open up for investors. The primary cause for the need of local housing is to obtain a residence permit for purchasing a property in Cyprus. For example, foreigners made 44.3% of all transactions in 2023.
The capital serves as the island’s administrative, political, economic and cultural centre. The modern region combines the business sector with the entertainment industry: malls, restaurants and cafes. There are highly rated universities here attracting students from all over the world.
The city was the preferred choice for buying homes in 2023 accounting for 18% of all real estate deals. 19% of luxury property purchase contracts were concluded in the second quarter. The median value of buying real estate in Nicosia, such as luxury villas and apartments, increased by 26% and 4%, respectively. Approximately 45% of transactions were made with houses worth up to €200,000 and between €200,000 and €500,000.
You can acquire various properties in Nicosia for investment and rent them out. Tourists rent apartments and villas for a short period. The short-term rental strategy brings the greatest benefits. Businessmen, employees, and students rent properties for a long time, which guarantees stable passive income.
Buyers can choose off-plan buildings, the cost of which is about 10–30% lower than the price of projects ready for commissioning. The owners have the right to resell their properties, which are especially beneficial when the cost of investment real estate in Nicosia increases.
Buying real estate in Nicosia
Global Properties is an online platform where you can choose flats and villas in Nicosia directly from trusted developers and real estate agencies. The catalogue includes projects in the city’s most prestigious parts. Use convenient filters to search by type of accommodation, number of bedrooms, location and additional amenities. The built-in converter allows you to easily change the price to euros, dollars and other currencies. Fill out the contact form on the website, and a specialist will get in touch with you. The broker will assist you in buying or investing in a property in Nicosia that meets your preferences and financial capabilities to make profitable investments.