Authored by the expert who managed and guided the team behind the Cyprus Property Pack
Yes, the analysis of Nicosia's property market is included in our pack
Where are the best places to invest in Nicosia right now? Is the city center still the top pick, or are areas like Engomi, Strovolos, and Lakatamia gaining ground? What makes these locations attractive to both local and foreign investors?
We’re often asked these questions because we work directly with notaries, real estate agents, and clients who invest across the city. Our firsthand experience in these markets gives us unique insights into where the real opportunities lie. To save everyone from asking privately, we’ve written this article to share our knowledge broadly.
Our goal is to highlight the hottest markets in Nicosia and explain why they’re worth your attention in 2025.
If you have suggestions or want us to dive deeper into a specific area, let us know. You shoot an email, we answer within 24 hours.
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1) Platy Aglantzias is gaining attention for its scenic views and new luxury residential complexes
Platy Aglantzias is quickly becoming a hot spot for property buyers, thanks to its stunning views and upscale residential developments.
One standout project is the Panorama, which features modern architecture and breathtaking vistas that are a big draw in real estate listings. This development is a key reason why the area is gaining attention from potential buyers.
Property prices in Platy Aglantzias have been climbing, with apartment values up by 4.2% and house prices rising by 4.8% over the past couple of years. This uptick shows how desirable the area has become, attracting both local and international interest.
Interestingly, 44% of property transactions in Nicosia involve foreign buyers, highlighting the area's global appeal. This international interest is a testament to the unique charm and opportunities Platy Aglantzias offers.
The area's appeal is also boosted by its improved infrastructure, like its proximity to the business center and easy access to the Nicosia-Limassol highway. These factors make it a convenient choice for those looking to invest in property.
Luxury real estate agencies are actively marketing properties in Platy Aglantzias, including high-end apartments and penthouses, which further enhances its allure. This focus on luxury living is attracting a discerning clientele eager to invest in this emerging area.
Sources: The Luxury Playbook, Estate of Cyprus
2) Agios Dometios is appealing for its strategic location near the city center, offering high rental yields
Agios Dometios is a prime spot for rental properties due to its strategic location near Nicosia's city center.
Being close to several universities, the area attracts students and young professionals, which keeps rental demand high. This demand is a major reason why rental yields here are higher than in other parts of Nicosia.
For instance, a 2-bedroom apartment in Agios Dometios can offer a gross rental yield of about 5.33%, while the average in Nicosia is only 4.63%. This makes it a smart choice for investors seeking better returns on their property investments.
The area also boasts excellent connectivity, with easy access to main roads and public transport, making it convenient for both residents and investors. This infrastructure advantage keeps properties in Agios Dometios in high demand.
Urbanization and population growth in Cyprus, especially in cities like Nicosia, are driving the need for more housing. These trends, fueled by economic shifts, make Agios Dometios a continually attractive option for rental investments.
Sources: Global Property Guide, Life Realty, Agile GI
We created this infographic to give you a simple idea of how much it costs to buy property in different parts of Cyprus. As you can see, it breaks down price ranges and property types for popular cities in the country. We hope this makes it easier to explore your options and understand the market.
3) Dasoupolis is popular for its modern infrastructure and convenient access to major highways
Dasoupolis is a hot spot for property buyers thanks to its modern infrastructure and easy highway access.
In recent years, the area has seen a surge in demand, with property prices climbing steadily. This is largely due to its comfortable living conditions and quick access to the city center, making it a favorite for both residents and investors.
Dasoupolis has reaped the benefits of major infrastructure projects. It's close to well-developed areas like Aglantzia and Strovolos, which boast excellent infrastructure. The Local Infrastructure Facility has backed several projects in Nicosia, indirectly boosting Dasoupolis by enhancing public services and infrastructure.
Ongoing projects like the Nicosia perimeter road and the motorway from Lakatameia to Anthoupolis are set to further improve connectivity. These developments are expected to make commuting even easier, adding to the area's appeal.
Government investments have been key in upgrading Nicosia's road network, including projects that benefit Dasoupolis. With improved highway access, congestion has decreased, making the area more attractive.
Traffic studies indicate that these road projects are designed to ease traffic woes, which enhances Dasoupolis's allure even more.
Sources: Dom.com.cy, Grekodom.com, UNDP Cyprus, Knews Kathimerini
4) Lakatamia is gaining interest for its suburban charm and new residential projects, attracting young families
Lakatamia is booming with new residential projects that are drawing in young families.
With its suburban charm and fresh housing developments, Lakatamia is becoming a hotspot for those looking to settle down. The demand is clear from the rising property prices, like a modern housing project priced at €288,000 + VAT, showing that families are eager to invest here.
There's a noticeable uptick in residential building permits, a sign of the area's growing popularity. New projects, especially those by Karakannas Architects, are popping up, often featuring large balconies that appeal to young professionals and families alike.
Demographics reveal a steady influx of young families into Lakatamia. The municipality is actively promoting family-friendly initiatives, such as the Open School and Multifunctional Centre, which cater to both educational and social needs.
The local government is also investing in infrastructure and amenities, including sustainable energy projects, to support the growing population. This commitment is evident in the area's development and appeal.
Sources: Residential Development - Lakatamia by Karakannas Architects, Lakatamia Municipality, 2024 Real Estate Trends, Modern Housing Project in Lakatamia
5) Aglantzia is gaining attention for its affordable housing and future development potential
Aglantzia is catching the eye of homebuyers and investors due to its affordable housing options.
In recent years, particularly in 2023 and 2024, property prices in Aglantzia have been lower than in other parts of Nicosia. This has made it a hotspot for first-time buyers and savvy investors looking for budget-friendly opportunities.
There's been a buzz around the increase in property transactions in Aglantzia. While specific numbers for Aglantzia aren't available, the overall trend in Nicosia shows significant growth in property deals, hinting that Aglantzia is likely experiencing a similar surge in interest.
What's driving this interest? The broader development efforts in Nicosia are a big factor. Urban development plans and a rise in construction activity suggest that Aglantzia has potential for future development, which could mean more housing projects and better infrastructure down the line.
These improvements make Aglantzia even more attractive to potential buyers and investors. The area is poised for growth, and those who get in now might benefit from future value increases as the area develops further.
Sources: Nobilia Estates, Grekodom, Cyprus Sotheby’s International Realty
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6) Ayioi Omologites is popular for its vibrant community and closeness to business districts, driving strong rental demand
Ayios Omologites is a lively neighborhood, perfectly situated near major business districts, making it a top choice for professionals.
With its high living standards and a mix of traditional Mediterranean charm and modern design, Ayios Omologites attracts both professionals and businesses. This blend ensures a strong rental demand, as people want to live close to their workplaces.
The area is popular among renters, with apartment values rising by 4.2% and house prices by 4.8% in the broader Nicosia market. This trend shows a strong demand for residential properties, making it a hot spot for investors.
Rental yields are competitive, with average prices per square meter between €3,000 and €3,200, highlighting its investment potential. This makes Ayios Omologites an attractive option for those looking to invest in real estate.
Ongoing infrastructure development and improved public transport connectivity make commuting to nearby business districts easier, enhancing the area's appeal. Local government efforts to improve community amenities, like public spaces and parks, add to its attractiveness.
Property investors often mention the area's central location and professional appeal as key reasons for investing in residential properties here. This insider knowledge underscores why Ayios Omologites is a sought-after location.
Sources: The Luxury Playbook, World Bank
7) Kaimakli is gaining attention for its historical charm and urban regeneration projects
Kaimakli is becoming a hotspot thanks to its mix of history and modern upgrades.
In recent years, property prices in Kaimakli have been climbing, showing a surge in demand from both homebuyers and investors. This isn't just a local secret; real estate reports and media are buzzing about the area’s potential. The charm of Kaimakli lies in its ability to blend the old with the new, making it a desirable place to live and invest.
The Municipal Strategic Plan for Sustainable Development in Cyprus is a big player in this transformation. This plan is all about revamping urban areas, sprucing up buildings, and enhancing public spaces. Kaimakli is a prime example, where historical sites are preserved while new amenities are introduced. This dual focus is what makes Kaimakli stand out in media stories.
New businesses and amenities popping up in Kaimakli are a testament to its rising popularity. Social media is filled with posts that showcase Kaimakli’s evolution, from its historical landmarks to fresh developments and lively community events. These snapshots not only highlight the area’s growth but also its vibrant community spirit.
For those considering a move or investment, Kaimakli offers a unique opportunity. The area’s ongoing development projects, coupled with its historical allure, make it a compelling choice. As more people discover what Kaimakli has to offer, its reputation as a desirable location continues to grow.
With its strategic location and ongoing improvements, Kaimakli is not just a place to live; it’s a community on the rise. The blend of history and modernity, along with a supportive development plan, ensures that Kaimakli will continue to attract attention and investment.
Sources: Realty.com.cy, EIB.org
8) Lykavitos is booming with its central location and rising luxury apartment developments
Lykavitos is a hot market thanks to its central location and the rise of luxury apartments.
In 2023, apartment prices in Nicosia jumped by 4.16%, showing a clear interest in areas like Lykavitos. This uptick in prices reflects a growing demand for properties in central locations, making Lykavitos a prime choice for buyers.
The demand for homes in Lykavitos is strong, with Nicosia seeing many sales contracts in 2023. Its central location makes it ideal for both living and investment, and real estate agencies often highlight Lykavitos as a top investment spot, even with economic hurdles like inflation.
Urban development plans in Nicosia add to Lykavitos' charm, even if specific projects aren't detailed. The local government's focus on central areas boosts its growth potential, and media often highlights new luxury developments in Lykavitos, drawing in investors and residents.
Real estate experts frequently point to Lykavitos as a key area for investment. Despite economic challenges, the area's appeal remains strong, supported by its strategic location and the ongoing development of luxury apartments.
With its central location and increasing luxury developments, Lykavitos continues to attract attention from those looking to invest in a vibrant and promising market.
Sources: Global Property Guide, PwC Cyprus, CRE Daily
We did some research and made this infographic to help you quickly compare rental yields of the major cities in Cyprus versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you’re planning to invest there.
9) Makedonitissa is popular for its quiet neighborhoods and closeness to international schools
Makedonitissa is a top choice for those seeking quiet neighborhoods and nearby international schools.
In recent years, the area has seen a noticeable rise in property prices, a clear sign of its growing popularity. Compared to other parts of Nicosia, Makedonitissa stands out for its peaceful environment, making it a magnet for homebuyers.
More people are snapping up homes here, driven by the area's serene vibe and excellent educational options. The increase in property transactions highlights this trend, as families and individuals alike are drawn to what Makedonitissa offers.
Families with kids are especially keen on Makedonitissa, thanks to its proximity to top-notch international schools. Schools like Horizon Community School and The English School are major attractions, adding to the area's appeal for those who value education.
These schools are not just well-rated; they are highly sought after, making Makedonitissa even more desirable. Parents prioritize these institutions for their children's education, further boosting the area's demand.
Living in Makedonitissa means enjoying a blend of tranquility and quality education, a combination that's hard to resist. This unique mix is what makes the area so appealing to potential buyers looking for a balanced lifestyle.
Sources: Apartment or house: What's better to buy for long-term rent in Nicosia?, International Junior and High Schools in Cyprus
10) Strovolos is gaining popularity for its family-friendly environment and amenities, driving steady property appreciation
Strovolos is a top pick for families thanks to its family-friendly vibe and amenities.
In recent years, property prices in Strovolos have been climbing, with apartments seeing a 4.2% rise and houses going up by 4.8%. This uptick mirrors the area's growing appeal and fits with the overall property market trends in Nicosia.
Families are flocking to Strovolos because of its excellent infrastructure and amenities. The local government has poured resources into making the area welcoming, with initiatives like youth clubs and senior centers. Plus, with 65 organized parks and over 250 green spaces, it's a paradise for young families.
Education is another big draw, as Strovolos hosts several high-rated schools. This, along with low crime rates, makes it a safe and desirable place to settle down. Residents often rave about the quality of life, and surveys show high satisfaction among those who call Strovolos home.
Living in Strovolos means enjoying a community-focused lifestyle, where family needs are a priority. The combination of green spaces, quality schools, and safety creates an environment where families thrive.
With its steady property appreciation and family-oriented amenities, Strovolos continues to attract those looking for a balanced and fulfilling lifestyle.
Sources: Wikipedia, The Luxury Playbook
While this article provides thoughtful analysis and insights based on credible and carefully selected sources, it is not, and should never be considered, financial advice. We put significant effort into researching, aggregating, and analyzing data to present you with an informed perspective. However, every analysis reflects subjective choices, such as the selection of sources and methodologies, and no single piece can encompass the full complexity of the market. Always conduct your own research, seek professional advice, and make decisions based on your own judgment. Any financial risks or losses remain your responsibility. Finally, please note that we are not affiliated to any of the sources provided. Our analysis remains then 100% impartial.