Cheap Distressed Nicosia Investments Properties

Why Invest in Nicosia Properties

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.

There are many places to find distressed or foreclosed properties in Nicosia, for examples you can ask a real estate agent to filter for foreclosures or bank-owned (REO) properties.

Investors can also refer to the local County Courthouse or Public Records and search for public notices of default, tax liens, and foreclosure sales.

Working with Property Agents or Realtors who specialize in distressed properties, foreclosures and short sales can be useful as well as keeping an eye out for expired listings or properties sitting too long on the market.

Drive around neighborhoods looking for vacant houses and you may find cheap distressed Nicosia property for sale with broken windows, or deferred maintenance and work with probate attorneys, property managers, and bankruptcy lawyers who they often know of distressed assets.

FEATURED CYPRUS LISTING Location : Paphos, Property Type: New Development Property Terms: For Sale Local Currency Price: Price in USD: $1,984,556

Nicosia generally has a very stable property market and purchasing or selling properties is done in a transparent manner. Nicosia is well-regulated, with strong legal protections for ownership, and relatively low political risk provides peace of mid to investors and private buyers looking for real estate opportunities.

In sought-after cities and tourist destinations, property values have shown consistent long-term growth-especially in areas with at times limited supply.