In 2023, the real estate market in Cyprus showed record results, reaching a total transaction volume of 5.6 billion euros across the island, with a total number of sales transactions amounting to 25.4 thousand. In this scale, Famagusta, despite its popularity, does not take leading positions, however, there is noticeable interest in new developments in this region. Paralimni, Ayia Napa, Deryneia, Sotira, and Frenaros stand out with their activity, attracting both local and foreign buyers.
Real Estate Market Trends in the Free Areas of Famagusta
In Paralimni, there is a particularly noticeable growth in investment activity: in 2023, there were 718 transactions amounting to 163 million euros, showing stable demand in this area. Although this number is slightly less than the previous year's level of 727 transactions, the average property price here increased from 213 thousand euros in 2022 to 227 thousand in 2023. Ayia Napa continues to maintain its status as a premium destination for property purchases, with the average price this year reaching 399 thousand euros, although it has decreased compared to 750 thousand in the previous year. Luxury apartments and seaside villas are the main drivers of high costs in this area, emphasizing its exclusivity and prestige.
Here, we present a digest of the latest from Famagusta brokers:
Chloe Downtown Villas, Protaras, Famagusta
Chloe Downtown Villas is an exquisite residential complex that fits perfectly into the picturesque resort town of Protaras. Located just 550 meters from the turquoise waters of the Mediterranean Sea, these two-story villas offer a unique blend of luxury and seclusion. Each villa, with three bedrooms and an area of 130 to 132 square meters, is equipped with its own swimming pool and enclosed garden, creating a secluded oasis for its residents. Spacious open verandas and barbecue areas allow for enjoying the fresh air and organizing pleasant outdoor evenings.
The picturesque location of the villas provides access to famous beaches such as Yianna Marie and Fig Tree Bay, as well as numerous private coves, perfect for exploring local flora and fauna. The architectural style of the complex, with its modern technologies and high-quality materials, reflects a premium level that will be highly appreciated by connoisseurs. The complex is also characterized by high energy efficiency of class A, making it not only beautiful but also an environmentally responsible choice for living in Cyprus.
All available properties for purchase at Chloe Downtown Villas
Apanema, Ayia Triada, Famagusta
Apanema is an exclusive residential complex that represents a harmonious combination of natural beauty and architectural thought, located in the picturesque area of Ayia Triada in the city of Famagusta. This project includes 11 villas, each designed with the use of natural materials such as wood, metal, and stone, creating an elegant, timeless look. The villas, with areas from 161 to 162 square meters, are equipped with large windows that provide excellent lighting and visually expand the space, filling each home with light and air.
Apanema is conveniently located just 800 meters from the sea and a few minutes' drive from the new Marina Paralimni, making it an ideal choice for those seeking seclusion in nature without foregoing the advantages of modern infrastructure. This residential complex not only provides comfortable housing with modern amenities and lighting systems but also offers magnificent opportunities for coastal recreation and active leisure thanks to its proximity to the sea and the upcoming area modernization with the new marina.
All Available Properties for Purchase in Apanema
Angelico Lifestyle Apartments, Paralimni, Famagusta
Angelico Lifestyle Apartments is a modern residential complex in the Paralimni area, offering a refined selection of one or two-bedroom apartments. Elegantly designed, the six three-story buildings comprise a total of 64 apartments, ensuring a high degree of privacy and comfort for each resident. The apartments, ranging from 51 to 83 m², are equipped with all modern conveniences, and each penthouse on the third floor has access to an exclusive roof garden with a private pool and barbecue area, offering breathtaking views of the sea and surroundings.
The complex features communal pools, relaxation areas, and parking, providing residents with the opportunity to enjoy peace and seclusion just 2 kilometers from the sea. Angelico Lifestyle Apartments is perfect for those seeking contemporary accommodation in a beautiful and cozy corner of Cyprus. Additional amenities, such as assigned parking spaces and storage areas on the first floor, make living in the complex convenient and carefree, highlighting its exclusive status and appeal.
All Available Properties for Purchase at Angelico Lifestyle Apartments
The southern areas of Famagusta are renowned for their picturesque beaches and diverse infrastructure, offering an ideal place for living and relaxation. Kapparis, one of such areas, is a cozy corner with pristine white sandy beaches and crystal-clear waters, where the gentle sea breeze and warm sun create a true paradise atmosphere. Here, in the heart of this paradisiacal corner, is located the residential complex Island Bliss Residences—an embodiment of comfort and exclusivity.
Island Bliss Residences, Kapparis, Famagusta
Island Bliss Residences is a new residential complex situated in the Kapparis area of Famagusta, just a hundred meters from the crystal-clear waters of the Mediterranean Sea. The complex includes 15 modern and cozy apartments with two or three bedrooms, each providing spectacular panoramic sea views. Spacious verandas and open-plan living rooms create the perfect space for living and entertainment, while private parking and storage add convenience.
Environmental responsibility and sustainability are at the heart of the design concept for Island Bliss Residences: the use of renewable energy sources and high energy efficiency ensure low environmental impact and reduced operational costs. The gated community with a communal pool offers the perfect combination of personal space and public areas where you can enjoy the sun and warmth of the Cypriot climate. These apartments are the ideal choice for those seeking comfort, security, and immediate proximity to the sea.
All Available Properties for Purchase at Island Bliss Residences
It's an undeniable fact that the free area of Famagusta is developing quite rapidly! The world's best beaches, officially recognized, cannot leave anyone indifferent. If you visit here even once, purchasing real estate in this area will become your dream and goal! – noted Irina Eroshenko, head of the DOM company office in Famagusta.
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