The real estate market in Famagusta is experiencing growth, with property values witnessing a steady rise. The city’s diverse portfolio of properties, ranging from apartments and villas to townhouses and land plots, caters to various buyer preferences. Notably, the average cost per square metre for an apartment in Famagusta’s heart is more economical than other Cypriot cities.
Famagusta presents a compelling case for overseas Cyprus property investors due to its competitive pricing compared to other Mediterranean locations. Coupled with tax incentives and economic stability, it offers an affordable investment opportunity. Furthermore, the potential for capital appreciation indicates that property values may increase over time.