There are changes on the real estate market of Cyprus: Limassol and Paphos have mentioned less property transactions
December 08, 2023
8
International buyers are turning to new favorite locations.
What has happened. Property sales in November have increased by 7% compared to November 2022, according to official figures from the Department of Lands and Surveys. The number of transactions in Larnaca has risen by 57%, as a result of strong interest from Israelist. Sales in Limassol and Paphos have fallen by 8% and 6% respectively compared to November last year.
Foreign demand. The number of transactions with foreigners (EU and non-EU citizens) has fallen by 16% in November year-on-year. Although sales in Nicosia and Larnaca have increased by 38% and 6% respectively, the overall statistics was wiped out by falls of 29% in Famagusta, 26% in Limassol and 22% in Paphos.
Long-term trend. Despite the November slowdown, it is safe to say that 2023 will be the best year for the Cyprus property sector. Sales during the first eleven months of 2023 sales have reached 14,211, an increase of 18% compared to the 12,704 achieved in same period last year with sales rising in all districts.
Examples of properties in Larnaca and Nicosia where foreigners are currently buying properties
350 000 €
Land in Nicosia, Cyprus
2498 sq.m
LEFKOSIA DISTRICT LAND AREA (sq.m) 2498MUNICIPALITY/COMMUNITY OF PAKHIAMMOS LOCATION OF THE PLANNING AREA H5 PERCENTAGE OF HINDERED 100%DENSITY 0.3 COVERAGE 0.2 FLOORS 2 HEIGHT (meters) 8.3
BLUE SKY HOUSES
360 000 €
Land in Nicosia, Cyprus
12900 sq.m
BLUE SKY HOUSES
825 000 €
Land in Nicosia, Cyprus
7428 sq.m
BLUE SKY HOUSES
163 189 €
Apartment in Nicosia, Cyprus
72 sq.m211
ResidenceOnline ViewingRemote Transaction
Nicosia or Lefkosha in Turkish is the name of the largest city in Cyprus, located not on the coast. Moreover, Nicosia is not just a capital city, but the only capital in the world that simultaneously belongs to two states. The city is divided into 2 parts, one of which belongs to Northern (Turkish) Cyprus, the second to Southern (Greek) Cyprus....
Leverage Investments
217 974 €
Apartment in Nicosia, Cyprus
125 sq.m322
ResidenceOnline ViewingRemote Transaction
Nicosia, the only divided capital in the world, is the main city of two countries at once. One part of it is located in the Republic of Cyprus, and the other in the Turkish Republic of Northern Cyprus.
The complex is located in a convenient location, close to all necessary infrastructure. You will be able to enjoy a variety of restaurants and...
Leverage Investments
227 299 €
Apartment in Nicosia, Cyprus
130 sq.m322
ResidenceOnline ViewingRemote Transaction
We present you a three-bedroom penthouse with an area of 130 square meters in a new modern complex in Nicosia.
The complex has all modern amenities, including a gym to maintain physical fitness and a healthy lifestyle. It is important to note that the complex is also equipped with its own generator, solar panels and ventilation system, ensuring...
Leverage Investments
227 299 €
Apartment in Nicosia, Cyprus
130 sq.m432
ResidenceOnline ViewingRemote Transaction
Nicosia or Lefkosha in Turkish is the name of the largest city in Cyprus, located not on the coast. Moreover, Nicosia is not just a capital city, but the only capital in the world that simultaneously belongs to two states. The city is divided into 2 parts, one of which belongs to Northern (Turkish) Cyprus, the second to Southern (Greek) Cyprus....
Leverage Investments
290 000 €
Land in Nicosia, Cyprus
720 sq.m
BLUE SKY HOUSES
6 899 000 €
Commercial property in Nicosia, Cyprus
1817 sq.m
The new apartment is located in the area of Trahoni, Limassol and is an excellent investment option. The property is conveniently located southwest of the historical center of Limassol on the Akrotiri peninsula, in one of the most promising and green areas of the city. Limassol's largest shopping mall, Fasuri Water Park, Ladys Mile and Kourion...
BLUE SKY HOUSES
620 000 €
Villa in Nicosia, Cyprus
1210 sq.m
Residence
The property is a rented industrial warehouse in the area of Agia Varvara. The facility is located in the 2nd industrial zone of Paphos, 300 meters from the Paphos - Limassol highway. The warehouse consists of a basement with an area of 230 sq. m. The first floor has an area of 830 sq. m. the first and second floor have an area of 380 sq. m....
BLUE SKY HOUSES
570 000 €
Office in Nicosia, Cyprus
331 sq.m
The property is an office in Agia Homologites. It is part of a seven-storey multifunctional building consisting of 22 offices. The office occupies the entire 4th floor. It has a covered area of 331 sq.m with the exclusive right to use 2 open parking spaces on the ground floor (No. 7-8) and 4 covered parking spaces on the ground floor (No....
BLUE SKY HOUSES
2 900 000 €
Commercial property in Nicosia, Cyprus
936 sq.m
The property is a two-storey multifunctional building in Aglancia. It has a great location with good visibility on Limassol Avenue. The first floor consists of three retail premises with a total area of 550 m2 and a mezzanine with an area of 268 m2. The ground floor consists of an apartment of 134 m2 (currently used as part of a gym) and a...
BLUE SKY HOUSES
530 000 €
Land in Nicosia, Cyprus
716 sq.m
The property is a commercial plot in the quarter of Agios Pavlos, Agios Dometios. The plot has a regular shape and a flat surface. There is an abandoned house on the plot. Its total area is 716 sq.m., and the facade area is 25 sq.m. It offers close proximity to all amenities and easy access to the city center of Nicosia. The property is ideal...
BLUE SKY HOUSES
570 000 €
Office in Nicosia, Cyprus
331 sq.m
The property is an office in Agia Homologites. It is part of a seven-storey multifunctional building consisting of 22 offices. The office occupies the entire 5th floor. It has a covered area of 331 sq.m. with the exclusive right to use 2 outdoor parking spaces on the ground floor (No. 32-33) and 4 covered parking spaces on the ground floor (No....
BLUE SKY HOUSES
5 100 000 €
Commercial property in Nicosia, Cyprus
2130 sq.m
The property is a multifunctional building in the quarter of Agia Homologites in the municipality of Nicosia. Part of the building is leased: ground floor trading hall and offices No. 1. 1,2,4, except for offices on 1-4 floors. Part of the building is vacant: there are no offices on the ground floor. 2, 3 and offices on 5-6 floors. Part of the...
BLUE SKY HOUSES
700 000 €
Land in Nicosia, Cyprus
3225 sq.m
The property is a residential plot in Kaymakli. On the plot there are two auxiliary buildings with an area of 86 sq.m. The plot has a flat, level surface and a 40-meter road. It offers proximity to amenities, schools and Frederick University. It is ideal for residential development, luxury apartments or student dormitories.
BLUE SKY HOUSES
990 000 €
Land in Nicosia, Cyprus
1320 sq.m
The property is a plot in the quarter of Agios Pavlos, Agios Dometios. The property has an area of 1,320 sq.m, a regular shape (rectangular) and a flat surface with a total facade area of 45 m and a depth of 30 m. It offers close proximity to all amenities and easy access to the city center of Nicosia.
BLUE SKY HOUSES
340 000 €
Land in Nicosia, Cyprus
3159 sq.m
The property is a residential complex in the Agios Nikolaos quarter in Lakatamia. The field has an area of 3,159 square meters and has access via a registered road with a facade of 12 m. It offers close proximity to all amenities and easy access to the center of Lakatamia.
BLUE SKY HOUSES
990 000 €
Land in Nicosia, Cyprus
1143 sq.m
The property is a commercial field in Agglancia with several co-owners. It is located within walking distance from the intersection of the avenues of Larnaca and Aglantsias, which are considered the main shopping streets of the area with a lot of commercial activity. The deposit has an area of 1,143 sq. m and has access to the road on both the...
BLUE SKY HOUSES
295 000 €
Land in Nicosia, Cyprus
6606 sq.m
The property is a field in Ceri. It is located 350 m from Ceriu Avenue. The field has an area of 6606 sq.m. and is located 100 m from the nearest road.
