Houses and villas in Famagusta
Buying a property in Famagusta is an opportunity to obtain a permanent residence in Cyprus, a residence for family holidays and a smart investment option. A private house is suitable for those who like spacious layout, privacy and freedom of life. Below you will find a selection of offers in different parts of the Famagusta area and you will be able to decide on your preferences.
1. Advantages of buying a ready-made villa in Cyprus
Owning a property in Cyprus is a smart investment and an opportunity to have a country home for holidays or permanent residence. The villa will be an excellent choice for people who value privacy and a large living space.
1.1 Differences from flats and flats
A private house has significant advantages over flats and flats. By the way, in Cyprus the concepts of "flat" and "flat" are identical today, but traditionally, the latter option is more often used.
So, what's good about the villa:
- a neighbouring plot with an area that can be developed as you wish;
- the possibility to create your own project with the right number and arrangement of rooms;
- More living space, especially compared to studios and one-bedroom apartments.
Flats in Cyprus are considered to be more liquid. They are easier to resell or rent out. Therefore, villas are more often taken for themselves, although the investment option is also viable. An alternative to a house is a penthouse with a spacious layout and large terraces that replace a private garden.
View penthouses in Famagusta here
1.2 Differences from land plots
The process of building a house can be long and tedious. Not always the buyer is ready to go into all the nuances, especially in another country. It is possible to enlist the support of specialists (even remotely), but you will still have to wait. That is why foreigners prefer to buy property in properties under construction or already completed.
1.3 Why a new building in a complex is the best option
Property in a residential complex in Cyprus is a win-win option. It is a closed guarded territory, provision of services (concierge service, video surveillance, housekeeping), amenities and leisure (swimming pools, gyms, green areas for walking, tennis courts, playgrounds for children). Modern elite complexes have their own entertainment infrastructure:
- cafes and restaurants;
- lounge areas and bars;
- Spa and wellness centres;
- offices for work;
- clubs and children's rooms.
The management company of the complex often provides additional housing maintenance services. This allows the property to be managed remotely while in another country.
The villa complex is a real boon for those who plan to use the purchased accommodation not all year round. During the owners' absence, the management company will take care of the house and can even accommodate tenants.
2. In which area of Famagusta it is better to buy property
Cyprus is a beautiful country with a special set of advantages, especially when considered in comparison with other states. Cyprus is distinguished from Turkey (Antalya, Mersin, Alanya, Istanbul), UAE and Montenegro by its membership in the EU. This means that buyers can, through the purchase of property, easily obtain a residence permit, and through it subsequently - citizenship.
If you compare it with other EU member states (Spain, Bulgaria, Greece), you will clearly find a price difference. In Cyprus you can buy a high-class property at a good price. It is also quite easy for a foreign citizen to get a mortgage or instalment from the developer.
2.1 Paralimni
A large and developed area of Famagusta, property here is preferred by locals and foreigners. Paralimni municipality covers several settlements, some of which are located on the coastline. The coastal location has a developed resort infrastructure with restaurants, cafes, shops, beach entertainment and leisure facilities for adults and children.
Further away from the coast (Paralimni itself) is a quieter place for permanent residence. It is suitable for families with children and those who appreciate privacy. By the way, Paralimni is the largest municipality of Famagusta, it can be considered the centre of the southern "part of the region". Property prices start from € 150 000.
2.2 Protaras
Protaras is renowned for its tranquillity, and some tourists review it as the best location for a beach holiday. Protaras is really good for a relaxing holiday. The town is pleasant to walk around, you can reach other settlements in a few minutes, the beaches are among the cleanest on the whole coast. Property here has an average and high price in Famagusta, but its liquidity is high. It is ideal for renting or resale. Prices for a villa start from € 230 000.
2.3 Ayia Napa
Ayia Napa is known as a party neighbourhood. It really is, but only during the summer season. Bars and nightclubs are buzzing from night till morning, and during the day there is no place to fall on the sandy beaches. However, the outlying areas are quiet and in the off-season Ayia Napa is as quiet as the rest of Famagusta.
The demand for property in Napa is high, but like in Protaras, it is justified. Investing in the area is worthwhile, especially when it comes to villas. Once the large-scale Ayia Napa Marina project is fully completed, the price of 1m² of any property in the vicinity is expected to rise. Today the price of villas in Napa starts from € 360,000.
3. rent or buy: which to choose?
In Famagusta you can rent or buy a villa for every taste and budget. It is up to you to decide which option best suits your needs. Below is a useful overview.
3.1 Pros and cons of renting
Renting is good because it is not burdensome. All problems with the property are solved by the owner. The tenant has freedom of movement: he can move to another accommodation at any time.
In some cases, renting a property simply allows you to save money. For example, if a person plans to live in Cyprus for only a few months a year, he pays only for accommodation. He does not have to think about taxes and property maintenance costs.
It is recommended to rent a villa if the tenant is not familiar with the location. It will give you time to get to know the area and decide whether you like it or not.
One big disadvantage of renting is that you can't furnish the house to your own taste. You will have to adapt to the preferences of the landlord. For long-term residence with the purpose of obtaining residence permit, residence permit or citizenship, the rental scheme is not suitable either.
3.2 Pros and cons of purchasing
Buying a villa in another country is a big and serious business. It requires investment, time and an informed approach to the choice. The maintenance of the house also needs the owner's participation. Although the latter issue can be easily resolved by buying a villa in a gated complex, where a management company will take care of everything.
The advantages of buying a holiday cottage in Cyprus are many more:
- investment of funds and guarantee of their safety;
- the possibility of obtaining permanent residence in Cyprus and subsequently citizenship;
- a way to earn money by renting out the villa or reselling it after a few years for a higher value;
- the opportunity to choose and furnish accommodation to your taste;
- complete freedom of action regarding the property.
Immigration for purchase becomes easier if you buy one or more properties with a total value of € 300 thousand or more. The amount shown does not include taxes. It is important that € 200 thousand should be deposited immediately. It is also required to deposit at least € 30 thousand in a Cypriot bank account. If the conditions are fulfilled, the buyer and his family members will be able to obtain a Cyprus residence permit in an accelerated and simplified procedure.
Tip: in Cyprus it is very favourable to take property at the construction stage. At this point it costs less by 10-20%.
4. Quality criteria for a villa in Cyprus
Modern construction involves the use of materials of proven quality. In this sense, new buildings often outperform secondary properties.
All residential properties are delivered with the necessary finishing, and sometimes with built-in and installed furniture and kitchen. The buyer can choose the interior design in advance: when agreeing on the project or buying the property directly.
When choosing a complex, you should pay attention to the availability of covered parking, infrastructure, attractions and beach nearby, a common pool (if the villa itself does not have one), the condition of access roads, the proximity of places for walking and leisure. Many complexes have gyms, sports and children's playgrounds, spa centres and apart-hotel services. The proximity of kindergartens, schools and polyclinics is also important.
The villa itself should have the right number of rooms to comfortably accommodate a family. In Cyprus, the concept of 'bedrooms' is used when assessing the size of a property. The kitchen and living room are usually combined, although there are also separate layouts. Often buyers pay close attention to terraces, views and architectural style.
It is recommended to look at the adjacent plot and its landscaping. Luxury villas are sure to have a swimming pool with a decorated lounge area, summer kitchen, barbecue area, garden and even a children's playground.
5. How to formalise the transaction
Buying a property in Cyprus on your own allows you to immerse yourself in the intricacies of the process, but not everyone is prepared to go into such detail. If you want to buy a villa in Famagusta or other popular areas of Cyprus, it makes sense to contact a real estate agency. DOM will help you find, view and buy any type of property on the island.
The realtors will advise you on any questions you may have, including interest-free instalments, mortgage and down payment. Both options are suitable for foreign buyers. The instalments can be provided by the seller itself, i.e. the developer.
Our website contains a catalogue with full data on villas, apartments, plots of land and commercial property. The cost of objects is presented in euros (€). For ease of search there is a filter, including ascending and descending price. There are also articles and news related to the property sector and life in Cyprus.
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