Nicosia, the capital of Cyprus, is known for its special atmosphere, where history, culture and modern developments mix. The stable property market in the capital of Cyprus makes it attractive to investors and buyers looking for a home in the central region of the island.
In this blog, we'll take a look at what's available to buy in Nicosia today within a budget of up to €200,000, assessing a variety of properties by location, area, energy efficiency class and degree of completion.
Affordable housing in Nicosia: from compact apartments to spacious options
With a budget of up to €200,000, you can find both compact studio apartments in new buildings and larger apartments suitable for families. We have divided the examples into three categories: apartments in central areas, apartments in quieter neighbourhoods and properties of varying degrees of completion.
1. Compact and economical investment opportunities
For buyers interested in investment properties, Nicosia offers small but modern apartments in areas with good transport links.
1 bedroom apartment in Aglandja area
Area: 40 m2 living area, 51 m2 total area
Cost: 127 thousand euros + VAT
According to the latest information from the experts at the DOM agency, this is a new building with energy efficiency class A and high quality materials. The apartment is equipped with double glazing, air conditioning and electric batteries, as well as photovoltaic panels for communal use, which ensures economical energy consumption. The Aglanja area is within walking distance of the university and the administrative centre, which makes this apartment very attractive to tenants.
1 bedroom apartment in Strovolos area
Surface area: 62 m2 living area, 82 m2 total area
Price: 185 thousand euros + VAT
Spacious apartment located in the Strovolos area in a new energy efficient class A building. The property is perfect for both residential use and long term investment. The high quality finishes deserve special attention: ceramic tiles, Italian doors and water-heated floors create comfort in all seasons. The apartment is equipped with split systems and even a slightly brutal armoured door, which adds to the sense of security and comfort.
2. Spacious options for family living
For those looking for a place to live, Nicosia offers multi-bedroom apartments in family-friendly neighbourhoods, close to schools, shops and green parks.
3-bedroom apartment in the Kaimakli area.
Surface area: 98 m2 living area, 115 m2 total area.
Cost: 188 thousand euros
The apartment in Kaimakli area is ideal for family living and immediate move in. Located 5 minutes from the famous Frederick University, it offers a spacious layout with a large living room, dining room and modern kitchen. The apartment has new appliances and a 15m2 veranda, creating a cosy space to relax with the family. The bedrooms have large storage cupboards and the double glazed windows help to maintain a comfortable temperature all year round.
2 bedroom apartment in Lakatamia area
Surface area: 84 m2 living area, 110 m2 total area
Price: 204 thousand euros + VAT
The new gated complex in the Lakatamia area is aimed at families who value comfort and security. The apartment is luxurious, but will have to wait for completion. The project incorporates the latest building materials, including technogranite for the kitchen worktops, anti-mildew coatings in the bathrooms and high quality paints. It is planned to fully equip the rooms with air conditioning and heating, which is particularly important in Nicosia's changeable climate. The complex offers a convenient location and access to all major infrastructure facilities in the area.
Advantages of New Build and Prefabricated Housing
Nicosia, as a dynamically developing city, offers a wide choice of both new build and off plan properties. Buying a new property can be particularly attractive in terms of energy efficiency and long-term savings on utility bills, as modern buildings are equipped with solar water heaters and photovoltaic panels. However, such properties often have long waiting lists for completion, as in the case of an apartment in Lakatamia. In contrast, apartments in the Kaimakli neighbourhood, built in 2018, can offer immediate move-in and proven amenities.
Nicosia: a city with developed infrastructure and amenities
The capital of Cyprus offers ideal conditions for comfortable living thanks to its developed infrastructure. Shopping centres, restaurants and the country's top educational institutions are located close to popular areas, while transport links make it easy to get around the city. Notable schools include the American Academy of Nicosia, the prestigious PASCAL public school and embassy schools. Motorways provide quick access to the suburbs and other cities, which is particularly important for those who travel frequently or work outside the city. The presence of an international airport within a 40-minute drive adds to the city's appeal to both permanent residents and tourists.
Nicosia's climate and lifestyle
Unlike Cyprus' coastal cities, Nicosia is far from the sea and this is reflected in its climate. In the summer it is very hot, with temperatures often exceeding 40 degrees Celsius, and there is no cooling sea breeze. Winters in Nicosia also have their own peculiarities: the high humidity and lack of central heating make the houses cool and damp. Snow sometimes falls in winter, especially on the outskirts of the city and in the nearby hills. These conditions are important to consider when choosing a property: new buildings with energy-efficient heating and air conditioning systems will provide more comfortable living conditions all year round.
Investor outlook and recommendations
With the growing interest in urban property in Cyprus, Nicosia is becoming a promising investment destination. In areas where infrastructure is being actively developed, such as Lakatamia and Aglandja, property values are expected to continue to rise, especially as construction projects are completed. When choosing a property for up to 200,000 euros, it is worth considering possible investments in the home's furnishings, such as furniture, air conditioning and other appliances. An additional investment of 10-20 thousand euros can significantly increase the cost of housing on the rental market, especially for family flats and studios located near educational institutions and office centres.
Therefore, buying a property in Nicosia for up to €200,000 is a sensible solution for both living and long-term investment. With the stable demand for property in the capital and its suburbs, investing in Nicosia can provide an increase in value and stable rental income in the coming years.
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