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.
Residential properties such as apartments or flats in Nicosia can come with 1 to 5 bedrooms and can be furnished and include services like cleaning and the cost of utilities such as water and heat.
Houses come in a variety of configurations such as detached houses which is a standalone property, and usually private, semi-detached houses which are two homes joined side-by-side and terraced houses which are a row of connected homes.
Bungalows are single-story houses, townhouses or row houses are multi-story homes that share walls with neighboring units, and condos (Condominiums) are privately owned units in a building or complex, with shared amenities.
Commercial properties in listed by owner or agent can include offices, retail spaces such as shops, warehouses suitable for storage and distribution facilities, industrial units for manufacturing, assembly, or heavy industry businesses.
Other commercial properties also include restaurants or cafés that come with necessary equipment or licenses. If you are looking for Nicosia for rent by owner properties, furnished, unfurnished, results will always depend on your needs, budget, and location.
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.
Real Estate Agents and Property Developers in Cyprus
