Buying Guide Details

Buying Property in Nicosia

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Nicosia is not often considered an overseas property destination, as this large region is rather arid and has little to recommend it as a potential property buying hotspot. However, Nicosia city is the capital of Cyprus and its largest urban centre, and as such it needs to be looked at in terms of its property investment potential.

It’s a divided city, due to its 16th-century wall that separates the old town from the new and the “Green Line” partition, established by the UN after the Turkish invasion in 1974 and cutting the city in two. It’s still considered the commercial heart of the country and is home to the headquarters of a number of international companies. There are a lot of expat workers in the city, but some of the Cypriots who moved to the outskirts following the arrival of Turkish troops are now starting to head back to the city centre.

Situated in the centre of the island, Nicosia will have limited appeal to foreign property buyers, not just because it is a long way from the sea, but also because its climate is one of extreme dry heat in the summer and cold in the winter. While pedestrianisation has made the city easy to navigate on foot, traffic congestion is something of a problem. Tourism has never really taken off, since many visitors never venture far from the coast or the island’s more scenic areas.

Those who do want to buy property for sale in Nicosia will find some excellent old properties in the Old Town – some may even have protected status, though the authorities tend to look favourably on sympathetic renovation plans – and more modern properties in the suburbs.

There's also a range of articles for you to read about buying property in Cyprus:

as well as overseas news stories affecting the property market in Cyprus or view our range of property for sale in Nicosia District.