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.
Nicosia is a growing retirement destination, and vacation hotspot, where buyers and investors are focusing in Nicosia investment land and plots for sale in premium locations in Cyprus.
Nicosia is a top destination for American and Canadian expats, fueled by the countries stable tourism economy, which increases demand for vacation rentals and resort developments.
Land can appreciate in value, especialy over time, providing good potential for a return on investment (ROI) through eco-resorts, Airbnb rentals, or land flipping.
Nicosia provides opportunities for commercial sustainable developments, eco-villages, hotels, and zoning laws in many areas are still flexible compared to Nicosia.
Nicosia allows 100% land ownership by foreigners, with the same rights as citizens, plus the legal property title systems works well, but due diligence is a vital part of the investment process.
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 including land have shown consistent long-term growth-especially in areas with at times limited supply.
Real Estate Agents and Property Developers in Cyprus
