New projects in Nicosia

Why is it worth investing in a new real estate property in Nicosia?

• The capital and economic center – High demand for new apartments among locals, students, diplomats and business people.
• Accelerated development – Modern projects, new residential complexes, parks and infrastructure upgrades.
• Stable rental market – Long-term rental with good returns and stable demand all year round.
• Stable value with moderate increases – A safer and less volatile investment compared to resort areas.
• A wide variety of new projects – Modern apartments, penthouses, office buildings.

The number of visitors and tourists who come to Nicosia each year

Although Nicosia is not a touristy coastal city like Ayia Napa or Protaras, it attracts hundreds of thousands of visitors a year – tourists, business people, diplomats and students. It also serves as a center for congresses, international meetings and domestic tourism by locals from all over the island.

Price of renting an apartment or penthouse per night in Nicosia (Airbnb)

• Studio / 1 bedroom apartments in the city center: 50–80 euros per night.
• New 2–3 room apartments: 80–130 euros per night.
• Penthouses or luxury apartments: 150–300 euros per night.

The high demand for daily rentals comes mainly from business people, embassies and universities.

Price of renting an apartment or house in Nicosia for the long term

• New 1–2 bedroom apartment: 500–800 euros per month.
• Modern 3–4-room apartments in the center: 900–1,500 euros per month.
• Private homes or luxury penthouses: 1,500–3,000 euros and even more.

The rental market in Nicosia is very stable with long-term contracts and limited supply in high-demand areas.

Attractions in Nicosia

• The old city is surrounded by a wall and the famous border point (Ledra Street Crossing).
• National museums, contemporary art galleries.
• Local market, boutique shops and modern shopping malls.
• Nightlife and upscale bars.
• International business centers, embassies and universities.

The increase in real estate values in Nicosia in the last 10 years

Nicosia has seen an average increase of around 20%–35% in apartment and house prices over the past decade . The increases have been relatively stable, with low volatility – thanks to steady demand from locals and business activity. New projects are attracting a young and affluent population, which continues to support real estate values.

Why is Cyprus good for Israelis for real estate investments?

• Proximity to Israel – Less than an hour flight.
• Safe and stable market – British laws and full protection of property rights.
• Favorable taxation includes a double taxation agreement with Israel.
• Israeli community and professional asset management companies.
• Good returns and a stable rental market with high demand.

The right time to invest in a new project in Nicosia

Nicosia is the economic heart of Cyprus – a city that continues to develop and grow with new high-quality projects. Whether for long-term rental investment, personal use or to retain value over the years – a new apartment or penthouse in Nicosia is a smart and safe decision.

For more details about new projects, property tours and personal guidance – contact us today!