Nicosia is the capital of both South and North Cyprus. It is remote from the sea coast, so the lifestyle here is quite different from life in the seaside resort towns.
Note: The island is currently divided into two parts: the Republic of Cyprus (popularly called South Cyprus) and the Turkish Republic of Northern Cyprus (TRNC, or simply Northern Cyprus).
Nicosia is very different from Limassol, Larnaca, and Paphos in that it is landlocked. That is why there is less developed tourist infrastructure and more facilities for business life. Such conditions make foreign real estate buyers think that the capital is not the best option for investment or personal pastime, but Nicosia has several significant advantages over other cities on the island.
The first advantage: ample business opportunities
Of course, Limassol combines a pleasant life by the sea, in a resort, and a fairly broad business sector. However, the capital in several ways surpasses Limassol in several nuances at least because it is the "heart" of the state. Here there are bigger offices and shopping centers, and their rent is often cheaper. All the necessary institutions are located here, and this speeds up the resolution of issues.
In addition, here, far from the sea, it makes sense to open and develop a business that is not related to tourism. Also in Nicosia, it is easier to find workers with the necessary (sometimes - rare for Cyprus) qualifications.
If real estate (residential or commercial) is purchased to do business, it makes sense to consider the capital. And you can go to the sea just for the weekend: the way will take no more than an hour.
The second advantage: it is easier to find a job
The opposite situation: if the move to Cyprus is for personal reasons, and a person needs to find a job, it is easiest to do it in the capital. There are two reasonable explanations for this.
The first is that the city is large and business-like, here are the head offices of many companies: not only local but also foreign. So, you can find work in a wide range of knowledge and skills, while seaside cities are often limited to IT and tourism fields.
Secondly, the tourism sector does need a large number of hired workers, but two conditions in the republic would not be suitable for Russian citizens for permanent employment. These are seasonality and the prohibition of the authorities to employ non-citizens of Cyprus or EU member states in tourism. That is, it is impossible to work in tourism with a passport of a "third country".
Nicosia is ready to offer hired workers more opportunities and vacancies, including in narrow fields.
The third advantage: quality education
The island has quite good public education (state schools), but the best are private schools with a British curriculum. There are also universities offering excellent higher education, after which you can get a job in prestigious places in Europe and even other continents.
People who want to provide their children with quality education often come to Cyprus: education here is not as expensive as, for example, in the UK or Germany, and there are really enough schools to choose from.
Most of all schools and universities are located, of course, in the capital. Buying housing and personal residence here will suit parents of schoolchildren and students. Recall that getting a dormitory in a Cypriot university is realistic, but not very easy, especially in the first year.
The fourth advantage: attractive real estate prices
Interestingly, in Nicosia, the price for a similar housing or commercial property can be lower than in Limassol. This is due to a lower demand: the excitement for houses and apartments by the sea from the beginning of the pandemic and still among foreign buyers is very high. The capital is rich in "tasty" offers in different areas: from busy to quiet, ideal for families and recreation.
For comparison: an apartment in a small complex with a total area of 194 m2 in an elite area of the capital costs half as much as in Limassol with the same area. The difference is that in Limassol the projects themselves are carried out with great scope, and finding a comfortable housing business or luxury class at a pleasant price is much more difficult.
Fifth advantage: more offers of commercial real estate
In the capital, there are more options for buying or renting commercial properties. In the first case, the owner of the object can easily rent it out or later resell it at a higher value. In other Cypriot cities, it is more difficult to rent commercial and other areas: at least because of the seasonality.
In the second case - if a businessman does not want to buy non-residential real estate - it is faster and easier to find an entity that will be able to rent it. There are indeed a lot of offers in the capital, and a large selection provides room for action.
The sixth advantage: solving business and domestic questions
It was mentioned above that the capital is a great place for those who are constantly engaged in business. It does not matter whether a foreigner is undergoing the naturalization process in Cyprus or is doing business on the island. Some state agencies have only one office to receive foreigners on various questions, and such an office, of course, will be located in the capital.
In addition, the infrastructure of Nicosia implies maximum development and adaptation to any life situation. Therefore, relocation here will be convenient for a person engaged in any activity.
The seventh advantage: is the absence of tourist frenzy and seasonality
I would like to emphasize once again that the capital of Cyprus is designed more for life than for recreation and tourism. This puts a certain imprint on the atmosphere and way of life, which at a closer look can be considered a plus. More precisely, several pluses:
very family-friendly living: children have access to a wide variety of schools, adults to work, and retirees to establishments to keep healthy and active;
a large number of leisure activities not related to beach vacations, as well as a developed cultural life;
no crowds of tourists;
there is no seasonality, which is important for many employees and businessmen - it is a stable income all year round at least;
it is easier to rent real estate on a long-term basis.
Many foreigners who have moved to live on the island, note: that the sea and beaches quickly get used to, and their proximity ceases to be an important factor. Therefore, people after 2-4 years of living in other cities on the island are happy to move to the capital.
The cost of moving directly depends on the cost of real estate. Tax (VAT) is calculated on it; you also need to pay state fees for the execution of documents. Separately account for the cost of permanent residence for the buyer and his family members. Sometimes it is necessary to pay extra to equip the house or apartment heating or air conditioning system, furnishing, gardening, etc. After the purchase, you should pay attention to the payment of utilities.
Top 10 best residential projects in Nicosia with a residence permit
Acropolis Residences, Acropolis neighborhood
Acropolis Residences is a complex of 8 apartments, which implies a club-house format. This guarantees privacy and tranquility. Elite neighborhood Acropolis is good for families and for busy people who came to Cyprus for work. There are private and municipal clinics, educational institutions for children, banks, government offices, and places for leisure.
The complex is equipped with parking on the ground floor, storage compartments, and security systems. Utility bills cannot be called high, as the project is awarded energy efficiency class A.
Properties available for sale in the project Acropolis Residences
Weatheroak Centre, Acropolis area
Weatheroak Centre is a new development in the upscale neighborhood mentioned above. The location offers two advantages: it provides convenience and access to all infrastructure (if the purchase is made for own residence) and high rental demand (if it is an investment).
Weatheroak Center is built according to the latest state-of-the-art technology. In addition to modern ergonomic architecture, the building has an energy efficiency class A+. You will seldom have to pay for electricity. The building is equipped with air conditioning and underfloor heating in every apartment. The covered parking lot is equipped with chargers for electric cars.
For participation in the program of simplified obtaining a residence permit is ideal to buy a penthouse with a private roof terrace. It is on sale and can be booked now.
Properties available for sale in the Weatheroak Centre project
Attikis Residences, neighborhood Aglanzia Platy
Aglanzia Platy is an upmarket part of the large Aglanzia neighborhood. It is located close to the city center but is quiet and peaceful. The location is mainly chosen by families with children. In addition to all the amenities for living, Aglanja has excellent places for walking, especially Athalassa Park with ponds and birds.
Attikis Residences is a project of two 4-storey blocks. It has its closed territory with security and a children's playground. Each apartment of about 115 m2 (together with terraces) has 2 bedrooms with panoramic windows and 2 bathrooms. Residents are provided with a covered parking space (there are chargers for electric cars) and a storage room.
Properties available for sale in the project Attikis Residences
Domocare Complex, Strovolos neighborhood
Strovolos is a large district of the capital with easy access to the center. It is developed, landscaped, rich in infrastructure, and convenient for all lifestyles. Strovolos is often inhabited by students, young families, and families with children, working and business people.
Domocare Complex is ideal for the latter category of buyers - the project has not only apartments but also offices. This makes it possible to work and live in one place without spending too much time on traveling. Another option is to buy residential and commercial real estate in one object for convenient remote investment management.
Domocare Complex will provide its residents with comfort and reasonable consumption: the building has been assigned energy efficiency class A. Covered parking and storage rooms are included with the apartments.
Properties available for sale in the Domocare Complex project
White Pearl, Strovolos neighborhood
Strovolos is a large neighborhood, but the White Pearl project is located in one of its most pleasant locations. It is nestled in a quiet and green area, within walking distance of stores, cafes, restaurants, and schools. The complex will appeal to families - or those looking for a long-term rental.
The living space exceeds one hundred square meters; this does not include open balconies, which take up another 15-20 m2, and separate storage rooms. The 2- or 3-bedroom layout allows families with children or elderly parents to be accommodated comfortably. Panoramic windows provide a peaceful view.
Properties available for sale in White Pearl project
Perfect Homes 127, Anthoupolis neighborhood
Perfect Homes 127 is a project with a small number of villas. An option for those who want to live away from the hustle and bustle of the city and get maximum privacy. District Anthoupolis - part of Lakatamia, on good roads from here to Strovolos and the central districts of the capital can be reached in 10 minutes (without traffic jams). In the immediate vicinity is the Nicosia Mall.
Perfect Homes 127 provides security due to the closed-guarded territory with parking spaces. Each villa in the project is equipped with heating and has energy efficiency class A. The plot size is 275 m2, inside the house there are three bedrooms and the same number of bathrooms.
Properties available for sale in Perfect Homes 127 project
Cape Town Lofts, Strovolos neighborhood
Cape Town Lofts is a modern project with stylish design and thoughtful solutions to simple but important problems. Its location in the lively Strovolos neighborhood makes it suitable for working people, businessmen, families with schoolchildren and students, as well as investors who plan to rent out the property.
Each apartment is fully finished and furnished (at extra cost). Ceramic tiles are laid in the bathrooms and laminate flooring in the rest of the rooms. European sanitary ware is installed in the bathrooms and kitchen, also the apartments have entrance and interior doors, windows with thermo-frames and kitchen sets are installed.
The low cost of residential objects allows you to buy several apartments at once. This is a reasonable solution for large families or for those who want to participate in the program of simplified residence permits.
Properties available for sale in the Cape Town Lofts project
Kaimakli Court No 4, Kaimakli neighborhood
Kaimakli - is located near the center of the capital district, and the complex Kaimakli Court is located in it very cozy. The place is quite quiet, but with all the necessary infrastructure. The residential complex is perfect for students of Frederick University, as it is very close by.
Kaimakli Court's pluses are its privacy, A+ energy efficiency, good thermal management, and spacious layouts with terraces. The penthouse-type apartments, apart from the living space, have a roof garden with panoramic views of the neighborhood.
Properties available for sale in Kaimakli Court project
Adamantia 70, Dasoupolis neighborhood
The Dasoupolis neighborhood is located on the border with Aglanja, Strovolos, and Akropolis. From the location, you can easily access the center. There are 2 English schools nearby, which is ideal for those who come to Cyprus to give their children a quality education.
The complex Adamantia 70 is characterized by its privacy and location in a quiet place. Clean finishes, terraces with transparent balustrades, and a comfortable layout will please everyone who decided to buy an apartment in this residential object.
Properties available for sale in Adamantia 70 project
Kimonas 38, district Engomi
Engomi is a fashionable, comfortable location, with developed infrastructure and all kinds of amenities. The residential atmosphere here is quite quiet, but it can hardly be called boring - the district is located close to the city center, and life here is boiling. Engomi is recognized as a good place not only for family living but also for the most profitable investments.
Kimonas 38 is a residential complex with several apartments with a large area, terraces and 3 bedrooms. The building has an energy efficiency class A. Residents have access to storage rooms
and covered parking.
Properties available for sale in Kimonas 38 project
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