New buildings in Nicosia
City on the map
Nicosia is the capital of the Republic of Cyprus and the partially recognized Turkish Republic of Northern Cyprus. The city is located in the center of the island of Cyprus, on the plain between the Troodos and Kyrenia mountains, along the Pedieos River.
Why is it profitable to buy an apartment in a new buildings Nicosia?
As a result of the conflict and the occupation of the northern part of the island by Turkish troops in 1974, Nicosia was divided by the so-called Green Line into Greek Cypriot and Turkish Cypriot quarters. In this position, it remains to this day as the last divided capital in Europe. Its southern part is the capital of the Republic of Cyprus, the northern one is the capital of Northern Cyprus. Far from the beaches, with no direct access to the sea coast, frozen for decades by a difficult political situation, Nicosia is not considered the most popular tourist destination at the moment. Nevertheless, the historical center of the city, which has absorbed the Greek and Turkish heritage, is very interesting. Here you can immerse yourself in the leisurely life of the island, strolling along the old streets, admire Christian churches and Muslim mosques, and sit in cozy cafes. The city retains the status of economically successful, where trade and industry are dynamically developing. Particular attention is paid to the textile, pottery and food industry.
The University of Cyprus is located in the southern part of Nicosia; in the north - the Middle East and International Universities.
The climate is Mediterranean, according to some characteristics it can be characterized as semi-desert. Precipitation falls only 300 mm, which makes Nicosia one of the driest cities on the Mediterranean coast. Warm winters and hot dry summers exclude the development of the region as an agricultural one, however, buyers and investors are attracted by the fact that it is almost always sunny here.
The airport has not functioned since 1974, it houses the headquarters of the UN peacekeeping forces. The current one closest to the city is in Larnaca. Most of the tourists come to Nicosia from Larnaca and Limassol by car and buses. Public transport in the city has a local (since there is no single municipal) bus system. You can use a taxi, but it will cost more.
The reasons for purchasing real estate in a new building of Nicosia are as follows:
- the quality of life in the city as a whole is not inferior to European centers,
- the climate is mild all year round,
- there is Cyprus international airport (half an hour by car one way from Nicosia), on the other side there is Ayia Napa (one of the best seaside resorts in Europe),
- buying an apartment in a new building, even on the Greek or Turkish side, allows you to significantly win in price compared to resort areas on the coast.
Housing construction is underway, there is plenty to choose from. In addition, residential complexes in Nicosia are the perfect balance of price and quality. The demand for real estate in Nicosia is supported by the calm atmosphere of the city, the restraint of the conflicting parties, their desire to avoid confrontation and live in peace.
The sale of apartments from developers is carried out in black frame condition or on turnkey condition. Good performance is confirmed by customer reviews. New buildings in Nicosia from the developers are made using modern technologies, the range of housing is diverse.
It is possible to buy an apartment from a developer in Nicosia at a very low cost, taking into account the prices in the Cyprus market and other resort places that are in a comfortable Mediterranean climate.
The minimum price per square meter of area in a new building (black frame condition) is 1,100$ (according to the information of the GEOLN.COM search engine).
Acquisition of an apartment in Nicosia by foreign citizens
Foreigners can buy an apartment in the residential complex freely, relying on the recommendations of an expert in relation to a specific object.
Highlights of the city
- the Archbishop's palace;
- Ledra street;
- observation deck at the Shakolas Tower;
- Municipal Museum A.G. Leventis;
- museums: archaeological, Byzantine, automobiles, classic motorcycles;
- the house of Hajigeorgakis Kornesios;
- churches: Theotokos Faneromeni, Archangel Michael Tripiotis, John the Theologian;
- Venetian fortress walls;
- Athalassa National Park;
- Famagusta gate;
- Buyuk Khan;
- Selimiye Mosque;
- Kyrenian gate.
Purchasing an apartment in a new building in Nicosia is a good investment that gives a high quality of life in a Mediterranean climate and rental income.
It is recommended to analyze all the risks associated with the disputed status of Northern Cyprus and the division of the capital into two independent administrations with the help of a qualified legal expert, when examining title deeds, including land allocated for construction projects.