Imagine this: owning a piece of history in the very heart of Nicosia, the capital of Cyprus—while also receiving generous support from the government. Sounds too good to be true?
Not at all! Thanks to a government scheme, the dream of owning a home in one of the unique historical areas near the “Green Line” is becoming a reality—especially for young families and EU citizens living in Cyprus. This topic came up in a conversation with Elena Studitskikh, the head of the DOM Real Estate office in Nicosia. She noted: "You know, many people don’t even realize such an amazing opportunity exists." And immediately suggested: "Let's tell people more about it?" And indeed—when a real estate broker, someone who works in the industry daily, suggests sharing this kind of information, you know it’s truly something worth looking into.
History Comes Alive: The Neighborhoods Along the Green Line
The “Green Line,” or UN buffer zone, has divided Nicosia in its current form since 1974. It was named after the green pencil used by British General Peter Young to draw a ceasefire line on a map of the capital back in 1963.
But don’t let the militaristic name fool you. The neighborhoods near the Green Line—on the side controlled by the Republic of Cyprus—such as colorful Kaimakli, lively Agios Dometios, and its Agios Pavlos area, are now undergoing a real revival.
These areas breathe history, offering authentic architecture and a unique atmosphere. Kaimakli is popular among the creative youth with its narrow streets and art spaces, while Agios Dometios and Agios Pavlos attract students and young professionals thanks to their proximity to universities and parks. Yes, proximity to the dividing line left its mark in the past, but today the government is actively investing in these areas, turning them into attractive places to live and invest.
A European’s Golden Ticket: The Government Subsidy Scheme
In mid-2023, the Cypriot government launched a program called
“Στεγαστικό Σχέδιο Αναζωογόνησης Ορεινών, Ακριτικών και Μειονεκτικών Περιοχών”
(Housing Subsidy Plan for the Revitalization of Mountainous, Borderline, and Disadvantaged Areas),
to help people buy or build homes for permanent residence in these special neighborhoods.
You can find more information about the areas and the program at the official link.
Who Can Apply?
- Citizens of Cyprus and EU nationals who have lived in Cyprus continuously for at least 5 years
- Singles, couples, and families (including single-parent families)
- Special terms apply to young people (under 41) and large families
How Much Can You Receive?
The subsidy covers 50% of the cost of buying or building a home (minimum property value: €20,000). The maximum amounts are impressive:
- Single person: up to €35,000
- Couple: up to €45,000
- Young couple (under 41): up to €60,000
- Family with children: up to €50,000
- Young family with children (under 41): up to €65,000
- Large family (4+ children): up to €70,000
Additional allowances are available:
- For people with disabilities: up to €10,000
- For difficult construction conditions: up to €25,000
Income Limits (Annual Family Income)
According to the program’s official guidelines, the following maximum income thresholds apply:
- Single person: €25,000
- Family of 2 (couple or single parent): €45,000
- Family of 3: €50,000
- Family of 4: €55,000
- Family of 5 or more: €65,000
Requirements for the Property
- Must be located in designated areas (full list in official documents)
- Must be purchased (Land Registry filing date) on or after January 1, 2024
- Minimum value: €20,000
- Must be intended for permanent residence
Program Deadline:
Applications are accepted until December 31, 2025.
In the Spotlight: Real Estate Projects in Eligible Areas
To give you an idea of the types of properties available in these up-and-coming areas, here are a few examples of modern developments shared by Elena Studitskikh, head of the DOM Real Estate Agency office in Nicosia:
Gladstonos Residence (Kaimakli)
This new 4-storey development offers ideal living conditions close to all amenities. It includes six two-bedroom apartments and one three-bedroom penthouse (ranging from 98 to 181 m²). Located near the renowned University of Cyprus, theatres, and cafés. Modern design, spacious verandas, parking, and a storage room for each unit. Energy efficiency class A.
Prices: €192,000–€329,000 (+VAT)
All units for sale at Gladstonos Residence
The Grid (Agios Dometios)
An under-construction 8-storey complex designed to maintain comfortable indoor temperatures year-round—essential in Nicosia’s climate. Offers one- and two-bedroom apartments (63–114 m²), with energy efficiency class A. Excellent location in a growing area.
Prices: €122,000–€210,000 (+VAT)
All units for sale at The Grid
Instyle 3 (Agios Pavlos)
An exclusive 4-storey complex with only four three-bedroom apartments (145–149 m²). Modern finishes, high-quality materials, spacious open-plan kitchens and living areas. Each apartment includes parking, a storage room, and a solar water heater. Convenient location with fast access to central Nicosia. Energy efficiency class A.
Prices: €240,000–€260,000
All units for sale at Instyle 3
Note: Prices and availability are subject to change. Please check the latest information on dom.com.cy.
Why Now? A Prime Moment to Invest in Nicosia
Nicosia offers an excellent balance of stability and growth potential. Unlike coastal cities, its market relies less on tourism and more on the local economy, government sector, and education. The areas near the Green Line supported by the government subsidy program present a unique opportunity:
- Significant savings: Up to 50% subsidy on property purchase costs
- Affordable prices: Properties here may be cheaper than in other central districts
- Growth potential: Government investment and urban revitalization may increase property values over time
- High rental yield: Especially in Agios Dometios/Pavlos due to proximity to universities
- Unique character: Live in a historic neighborhood with a distinctive atmosphere
Your Next Steps
Interested? Here’s what to do:
- Explore listings: Review available properties on various official housing platforms
- Check the criteria: Make sure both you and your chosen property (specific street!) meet the program’s conditions. The official street list is available on the government website
- Get expert advice: Contact real estate professionals and official program representatives:
- Ministry of the Interior: +357 22 867612, +357 22 867842
- Nicosia District Administration: +357 22804201, +357 22804120
- Contact details for other district offices are also on the Ministry’s website
Don’t miss this unique chance to own a home in the historic heart of Nicosia with government support. The time to act is now—applications are open until December 31, 2025.
Hopes and Warnings: Looking Ahead
This program undoubtedly opens up exciting prospects. The opportunity to buy a home in Nicosia’s historic center with generous government backing is a rare chance to breathe new life into these unique neighborhoods and become part of their revival.
However, like any ambitious initiative, it’s not without challenges. Prospective buyers must carefully navigate the conditions and requirements—including income caps and the five-year residency requirement for EU citizens, which limits eligibility. There are also concerns that such revitalization programs could eventually lead to gentrification, altering the social character of these districts, although the program is aimed specifically at supporting residents. And of course, one cannot ignore the broader context: the Green Line remains a symbol of the island’s unresolved political divide.
Nevertheless, this program is more than financial aid. It represents a tangible step by the government toward supporting residents—especially young families—who wish to establish a home in the capital’s heart. It’s an investment in the future of the Green Line areas, a show of confidence in their potential and unique character despite their proximity to the division line. It’s a hope that these historic districts will once again thrive, preserving their spirit.
The window of opportunity is limited—this program runs until the end of 2025.
Whether it becomes a catalyst for lasting positive change and helps overcome the shadows of the past remains to be seen. But for those who qualify and dream of owning a home in these special areas of Nicosia, now is the time to act.
The information in this article is for informational purposes only and does not constitute financial or legal advice. It is recommended to seek independent professional consultation before making investment decisions.
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