Property in Famagusta

The starting price of a property in Famagusta is 78 000 €. The cost of 1 m² of living space - 1 400 €.

Housing price

Important! The price of a property in Famagusta varies depending on the characteristics of the property such as layout, number of bedrooms, location and area.

To find out the current rates in euros, please visit our website.

Famagusta is the eastern district of Cyprus, where you can find the most attractive real estate offers.

Famagusta is located in the eastern part of the island. The peculiarity of the area is that one part of it belongs to the Republic of Cyprus (simply called South Cyprus), the other - to the unrecognized TRNC (North Cyprus). Real estate can be legally (from the point of view of the Republic of Cyprus) to buy in the southern part of the island: it can be both houses and apartments, and plots of land. Buying real estate in the southern part of the island is suitable for those who want to simplify the process of obtaining permanent residence in Cyprus (with the prospect of citizenship) or to make a secure investment. Another option - just to have a country residence for permanent residence or vacation.

1. Districts of Famagusta, where you can buy a home

As mentioned above, Famagusta is divided into two parts. The border is the buffer zone, which in Cyprus is called the "Green Line". In the southern part foreigners can easily buy almost any kind of property.

1.1 Paralimni

Paralimni is located a little away from the sea and is the largest municipality of the southern part of Famagusta. It has a well-developed infrastructure, which is suitable for permanent residence: cafes and restaurants, schools, clinics, excellent roads - not a complete list. Life with family and children will be very comfortable here.

Real estate in Paralimni has a more reasonable price compared to some other regions of Famagusta. At the same time it is gradually developing and giving more and more offers in the luxury real estate sector.

1.2 Protaras

A quiet resort village on the shores of the Mediterranean Sea. Protaras is loved for its cleanliness, tranquility and magnificent clean beaches. One of the most famous is Fig Tree Bay, or Fig Tree Bay. Protaras is perfect for family vacations with children and leisurely promenades.

Demand for real estate here is quite high. Popular is housing near the sea: on the first coastline.

1.3 Ayia Napa

It is considered to be the party district of Famagusta and is located on the southern coast. Ayia Napa is famous for its nightclubs, which are open in season, and the incredibly beautiful Cape Kavo Greco.

In Ayia Napa a lot of luxury real estate, but also budget housing options on the real estate market are available. The main "mass" of development are villas with their own plot, and often - and with a swimming pool. The location of Napa is rich in attractions, so active tourists come here with the purpose of getting to know Cyprus better.

2. Advantages of buying real estate in Famagusta

If we talk about the island of Cyprus as a whole, it can be noted that all areas differ both in prices and in the atmosphere prevailing in them. Famagusta stands out for the abundance of resort infrastructure, the presence of clean beaches (mostly sandy) and low prices for housing, if compared to other areas.

From other resort countries (UAE, Greece, Turkey, Spain) Cyprus is distinguished by the democratic cost per square meter, and in any sector of real estate: secondary and primary, elite and economy class.

2.1 Reliable investments

Cyprus is considered a promising country to invest in local real estate. Prices here are slowly but surely growing, as well as the demand among natives and foreigners. In the long term, any type of property can later be resold at a higher value - or rent it out and earn passive income.

Famagusta is suitable for all options. In season, the demand among tourists for short-term rentals is very high. You should also keep in mind that there are large projects underway in the area that have already attracted attention and should make the Famagusta area more desirable due to the improved infrastructure.

2.2 Obtaining Permanent Residence and Citizenship of Cyprus

When buying primary real estate from the developer worth 300 thousand euros or more (subject to certain other conditions), the foreign buyer is considered an investor in the economy of the island, so he and his family are entitled to certain privileges. Namely - the right to obtain a residence permit (not to be confused with residence permit) Cyprus in an accelerated manner. This is an excellent option for those who are considering the purchase of real estate for immigration and subsequent citizenship.

2.3 Convenience of location and infrastructure

The Famagusta area itself borders Nicosia - this is the capital of Cyprus, so many people like such a convenient proximity to the center. To the west runs the border with Larnaca, which is characterized by democratic prices for real estate and great prospects for the future. Today, it is forward-thinking investors who pay attention to Famagusta.

Of course, the most important advantage is the excellent beaches, their condition and ease of access to them. Properties with proximity to the sea of less than 1 km are very popular among buyers and tenants. As a rule, it can boast a magnificent view from the window and the proximity of cafes, stores and popular leisure facilities. If you choose to live in Famagusta a little further away (in the hills), you can save a lot of money and get a quieter and more peaceful place to live.

2.4 Opportunities for private entrepreneurs

As a developing area, Famagusta is a very promising area for small and medium-sized businesses. There are many unoccupied niches that can be developed by foreign businessmen. These are services and entertainment, as well as the market of non-standard real estate.

2.5 Interesting sights

Famagusta is characterized by a large number of interesting places to visit: these are various parks (for example, Sculpture Park or Cactus Park in Ayia Napa), shrines (temples and churches, including cave churches), zoos and oceanarium, as well as the pearl of the south-eastern part of Cyprus - a unique cape Kavo Greco. To see all the interesting places you will need more than one month.

2.6 A great place for families with children

Famagusta's neighborhood cannot be called the busiest. Its main advantage is the small number of high-rise buildings, so it is very quiet, calm and safe. Separately, it should be noted that this situation is not all year round: for example, in summer Ayia Napa is very noisy. But Protaras will please with its peacefulness in any season.

Raising children in such a place is a pleasure. It is clean, warm, safe and very cozy. Also some retirees choose Famagusta as a place to spend a long time. Sea air and a pleasant atmosphere of southern relaxation allows to maintain the health of people living here at a very high level.

3. Types of real estate in Famagusta

It has already been mentioned above that most of the development in Famagusta is low-rise buildings. On this territory are more often found private houses and villas, although there are also complexes. What exactly to choose - it is up to the buyer.

3.1 Studios, apartments and penthouses in complexes

Purchasing a home in a complex (especially in a closed one) has many advantages. One of the most important is the ease of maintaining the property. Almost everything is the responsibility of the management company, which solves issues and can even take on the tasks of renting the object.

A residential complex can have a number of amenities: landscaped private territory with a swimming pool, concierge service and 24-hour security, playground, indoor or outdoor parking, gym and much more.

The most outstanding projects that the Famagusta area boasts are Paralimni Marina and Ayia Napa Marina. They have their own luxury resort infrastructure, including yacht harbors and a modern promenade with boutiques, restaurants and many other establishments. Here you can also find luxury penthouses with spacious terraces that look more like private gardens. Nearby is a well-developed road network.

To see other complexes of Famagusta you can follow the link.

Other options have a slightly different format: as a rule, these are low-rise complexes mainly in the sector of primary real estate. And it can be and inexpensive real estate, and luxury class. In general, in Famagusta a lot of proposals of the middle price segment. Especially profitable to buy an apartment in the under construction object: after commissioning, the price per 1 m2 usually rises.

Special attention deserves studios, which are very popular for subsequent rental. They do not have such a large area and therefore are affordable. Studios are also good for those who do not plan to live in Cyprus for a long time.

3.2 Villas and Townhouses 

Very many options among the real estate of Famagusta area are private houses (cottages and villas) as well as townhouses. Bungalows are almost nowhere to be found in Cyprus, as this type of accommodation is common in warmer climates. Cyprus can be quite chilly in winter.

Almost all modern villas, new buildings have the format of the complex: when several cottages have a common closed territory and its own infrastructure. This is especially convenient for those buyers who do not live in their home all year round, and come here seasonally or rent it out. In this case, it becomes possible to remotely communicate with tenants, and all worries are taken care of by the management company.

Villas and townhouses are good because they usually have a large number of rooms and are suitable for large families. Luxury properties are located on the beachfront, which provides proximity to the beach and stunning views all around. Bedrooms and dormitories have spacious layouts, private balconies and the house is usually equipped with utility rooms, multiple bathrooms and a lounge area in the surrounding area.

View all villas in Famagusta area here

3.3 Building Plots

Building plots in Cyprus are not the most popular type of property amongst foreigners; however, they do exist and can be used for your own project. Building your own house gives you the opportunity to choose an individual style and layout, to think through all the nuances, to make the desired number of rooms, as well as to control the progress of the work.

You can see a selection of plots of land in Famagusta by clicking here.

3.3 Commercial Real Estate

Commercial real estate in Famagusta comes in a variety of options. One of them is buying a ready-made hotel or rooms in an apart-hotel. Other suggestions are an office or retail space that will suit a variety of businesses in Cyprus.

You can view the options at this link

4. How to buy real estate in Famagusta: from viewing to transaction

Real Estate Agency DOM offers a variety of options in Famagusta and other areas of Cyprus. On our website you can find:

1. articles about Cyprus and life on the island;
2. news about Cyprus real estate in various fields;
3. a new catalog with ready/under construction residential and commercial properties, as well as land plots;
4. favorable offers from developers;
5. a section of questions with answers.

For detailed information on each object you can contact our specialists by sending a letter to e-mail or calling by phone. You can also leave a request for a turnkey transaction with online viewing and communication with the seller or an initial consultation on the features of real estate in Cyprus. You will be advised about the possibilities and rules of obtaining a mortgage or installments for foreigners.

In the catalog of the agency DOM you will be able to find a large number of proposals. For ease of search do not refuse to use filters, including sorting by ascending or descending price.

Welcome to Famagusta and Cyprus! We remind you that buying real estate here can be a great opportunity to live abroad, in one of the European countries on the shores of the azure sea.DOM agency will help you to do all the necessary actions for this.