One of the most romantic destinations in Cyprus, the Famagusta region is famous for its golden beaches with azure waters and peaceful Mediterranean lifestyle. This paradisiacal place is being chosen as a summer home and more recently as a permanent residence, thanks to new opportunities and new wave technological projects.
The "Golden" area of the European part of the region comprises three major settlements - Ayia Napa, Protaras and Paralimni. The first two are considered tourist destinations, while in the latter the infrastructure is mainly designed for the local population, which prefers a calm and measured rhythm. It should be noted that we do not include projects in the occupied lands of the TRNC, as the purchase of property in Northern Cyprus is still considered a very risky venture. In total, the region is home to about 40 thousand people.
Given the high quality of the roads connecting Famagusta with the main financial centres of Limassol and Nicosia, as well as with the main "air gate of Cyprus" - Larnaca Airport, the distances no longer seem so insurmountable. On the contrary, even a hundred kilometres in good weather is a tremendous pleasure! Especially on the stretches along the sea.
You can't count on public transport - the buses run at long intervals - so the issue is solved by having a private car.
Thus, the residents of Famagusta have access to the cultural life of the whole island. At the same time, the region has its own museums, libraries, small concert venues, and from time to time traditional festivals are held. The sweetest and most mind-blowing is the spring strawberry festival in the village of Derenia.
As far as education in Famagusta is concerned, it is all about transport accessibility. Famagusta has the only private English school Xenion in Paralimni and several Greek state schools. For several years now, a special school bus has been running to the American Academy Larnaca, which can also drop you off at Med High Larnaca, located in the centre of Larnaca.
The main distinguishing feature of modern property in Famagusta is its versatility: it is a great option for permanent residence all year round, and a dream country house for inspiration and relaxation. New buildings are characterised by high energy efficiency class - they are warm and cosy all year round, thoughtful high-tech design and earthquake-resistant construction, which is especially important for living on the island.
Let's look at a few current options at the construction stage and ready for occupancy. In the first case, the price will gradually rise, and at the time of completion will increase by an average of 30-40% - they are chosen by investors and buyers who are in no hurry to move in.
Projects in the Famagusta region in the off-plan phase
The first option we would like to share is a modern 1-bedroom flat of 70 m2, located 3 km from the beach in Paralimni. This is an Euphoria project under construction, expected to be completed in June 2025, and the spacious flat costs 139 thousand euros (+VAT). The new residential complex also has 2-bedroom flat options priced from 211 thousand euros (+ VAT).
Available for sale property options in the Euphoria project.
In Frenaros, in a quiet area with convenient transport links, just 5 minutes drive from Paralimni town centre and 7 minutes drive from the nearest beach is the Hygge Apartments project, a 2-bedroom flat with a total area of 127 m2 is priced at 168 thousand euros (+VAT). The project is expected to be completed in February 2025.
Available for sale property options in the Frenaros area.
Close to Paralimni and Protaras, in the coastal village of Kapparis, is the new project Island Bliss Residences under construction, all apartments of which have unobstructed panoramic views of the Mediterranean Sea. The new 2-bedroom flat with a total area of 93 m2 is priced at 210 thousand euros (+VAT). Completion is expected in December 2024. The apartments have been carefully designed to utilise renewable energy from the surrounding environment, ensuring the most eco-friendly lifestyle possible.
Available for sale property options in Island Bliss Residences project.
Ready-made projects in the Famagusta region are ideal for those who can't wait to move into their new home. As a rule, all options already include a minimum of furniture, air conditioning, smart lighting and security systems.
In the quiet neighbourhood of Ayia Napa you can also find modern accommodation with swimming pools among the secondary options. Among the pluses is the availability of a full set of furniture and appliances with air conditioning. So, 500 m from the sea, 1-bedroom flat with a total area of 45 m2 2000-years of construction is estimated at 109 thousand euros. In addition, secondary property in Cyprus is not subject to VAT, the buyer pays tax for the transfer of ownership, which is much more economical.
Spacious modern 3 bedroom flat located in the exclusive Cosmo Residences development with large communal pool, fully furnished and equipped with appliances.
Available for sale property options in Cosmo Residences project.
Mythical Sands Resort & Spa is a ready-made gated complex suitable for all year round living and is located just 500 metres from the picturesque sandy beaches of Kapparis area of Protaras. The complex comprises detached villas, townhouses and apartment buildings with apartments. For the residents of the complex are provided such amenities as a spa centre, gym, tennis court, communal swimming pool and, of course, private parking spaces. The project is also characterised by a unique combination of innovative design and traditional stone wall cladding. The finished 2-bedroom flat with a total area of 105 m2 is priced at 279 thousand euros (+VAT).
Available for sale property options in Mythical Seas project.
One of the most exclusive developments in the Kapparis area, Triangle Residences offers all the possibilities of a luxurious Mediterranean lifestyle. Within walking distance of the development there are many restaurants and services open all year round. The new ready 2-bedroom flat with a total area of 206 m2 is priced at 269 thousand euros (+VAT).
Available for sale property options in Triangle Residences project.
Ideal for investment and living - the property is a ready-made luxury project in the centre of Protaras Eden Residence. A quality gym, swimming pool, outdoor playground and secure underground parking are provided for the convenience of the residents. The living rooms are designed specifically for the new generation of high-tech equipment. The new 2-bedroom flat with sea views with a total area of 160 m2 is priced at 870 thousand euros (+VAT).
Available for sale property options in Eden Residences project.