Discover Nicosia Real Estate | Where and Why to Invest in Nicosia?

Located close to the Mediterranean, Nicosia is a prime tourism destination. It is Cyprus’s financial capital and an international business hub, with a 3.9% GDP growth rate.

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Located close to the Mediterranean, Nicosia is a prime tourism destination. It is Cyprus’s financial capital and an international business hub, with a 3.9% GDP growth rate, Nicosia is a city of high living standards.
It is a profitable investment destination due to tourist and economic attractions. Owing to constant innovation and development, Nicosia’s property market has been evolving. Commercial properties are gaining demand as more companies move downtown.
Due to a million visitors per year, Nicosia has a good rental potential. With rental yields up to 6%, average rents range from €444 to €904/month. Due to increasing demand and land scarcity, housing prices have been growing.
In the city center prices range from €1,200 to €2,400/sqm. In an effort to attract new investors, the government creates irresistible incentives. With a low-rate taxing system and ease of housing permits, Nicosia is a location hard to overlook.

South of the Greenline – The Greek and more modern side of Cyprus, a magnet for the young populace, with average rents at €650.
North of the Greenline – The northern part of the city dominated by the Turkish. Depending on the size and design, property prices vary between €120,000 and €450,000.

With a growing economy and increasing interest in tourism, Nicosia’s real estate market is a BUY