Nicosia, the capital city of Cyprus, is situated towards the center of the island, and is the financial, political, financial, and cultural heart of Cyprus.
Due to the presence of major banks, multinational companies, and government bodies being located in Nicosia, there is a high demand for luxury apartments, and luxury homes to rent and or buy from business and governmental employees, particularly for luxury properties located in areas such as Engomi, Strovolos, and Ayios Andreas.
Real estate investors are attracted to the area due to the types of potential rental clients available, that bolsters the rental demand and return on investment in luxury property in Nicosia.
In Nicosia luxury properties such as villas and luxury homes near areas where international business types and politicians are drawn to support the luxury real estate sales and rental markets.
In Cyprus, the two types of market that investors focus on for investing into luxury properties are split between tourism, as well as the more commercial sector which Nicosia falls into.
Luxury properties located in Nicosia's main areas tend to be variable, especially over the long-term, and with many modern luxury developments featuring the types of features sought after this supports the luxury real estate market in Nicosia further.
Nicosia is ideal for investors seeking long-term capital appreciation and stable rental income, driven by the city's role as the political, financial, and cultural center of Cyprus.
Discover more about selling Nicosia properties and buying or renting real estate in Nicosia for personal use or as an investment:
