Nicosia
Administrative capital; last divided capital in EU; emerging business hub
* Exchange rates shown for illustration only, based on ECB mid-market rate. Actual transactions may be subject to conversion fees.
Local STR Rules — Nicosia
Limited tourist appeal reduces STR viability
Market Analysis — Nicosia
Key demand drivers and main investment risks
✅Demand Drivers
- •Government employment
- •business center
- •institutional demand
⚠️Key Risks
- •Limited tourist appeal
- •lowest yields
- •divided city constraints
🇮🇱 Notes for Israeli investors
Capital attracts mainly local and Greek/EU investors, not primary Israeli target
Properties in Nicosia
434 for sale·404 for rent
Properties for Sale in Nicosia
Latest Listings
Showing 1–12 of 50 listings
3-Bed Apartment · 98 m² in Ayios Dometios
2-Bed Villa · 95 m² in City Center / Makarios Ave
2-Bed Apartment · 110 m² in Engomi
1-Bed Studio · 37 m² in Engomi
1-Bed Studio · 37 m² in Engomi
3-Bed Villa · 128 m² in Engomi
1-Bed Apartment · 50 m² in Engomi
2-Bed Apartment · 75 m² in Engomi
1-Bed Apartment · 50 m² in Engomi
1-Bed Apartment · 50 m² in Engomi
1-Bed Apartment · 60 m² in Engomi
3-Bed Villa · 174 m² in Engomi
Yield by Neighborhood — Nicosia
Microzone investment comparison — CASABROVA
| Neighborhood | Price/m² | STR Yield | STR Status | Character |
|---|---|---|---|---|
| Latsia | €2,299–€3,214 (₪8,024–₪11,217) | 4.41%–4.41% | N/A | |
| City Center / Makarios Ave centralcommercialtransport | €2,080–€2,896 (₪7,259–₪10,107) | 4.59%–4.59% | License Required | Commercial core; mixed residential/office; best transport links |
| Lakatamia | €2,202–€3,021 (₪7,685–₪10,544) | 4.69%–4.69% | N/A | Largest southern suburb; mature market, consistent new-build supply, family townhouses, value tier. |
| Engomi upscaleexpatembassy | €2,243–€3,085 (₪7,828–₪10,767) | 4.57%–4.57% | License Required | Upscale residential; embassy district; best Nicosia LTR fundamentals |
| Kaimakli | €2,176–€3,125 (₪7,594–₪10,907) | 4.89%–4.89% | N/A | |
| Aglantzia | €2,220–€3,353 (₪7,748–₪11,702) | 4.98%–4.98% | N/A | |
| Strovolos universityaffordableltr | €2,274–€3,396 (₪7,936–₪11,852) | 4.51%–4.51% | License Required | |
| Ayios Dometios | €2,195–€3,231 (₪7,661–₪11,277) | 4.06%–4.06% | N/A |
Yield and price ranges are internal AI-research estimates from public real-estate portals (Tranio, Investropa, Globes, etc.), refreshed quarterly. Not primary-source data.
Investment Areas in Nicosia
Latsia
Price from €2,299/m² (₪8,024/m²)
City Center / Makarios Ave
Commercial core; mixed residential/office; best transport links
Price from €2,080/m² (₪7,259/m²)
Lakatamia
Largest southern suburb; mature market, consistent new-build supply, family townhouses, value tier.
Price from €2,202/m² (₪7,685/m²)
Engomi
Upscale residential; embassy district; best Nicosia LTR fundamentals
Price from €2,243/m² (₪7,828/m²)
Kaimakli
Price from €2,176/m² (₪7,594/m²)
Aglantzia
Price from €2,220/m² (₪7,748/m²)
Strovolos
Price from €2,274/m² (₪7,936/m²)
Ayios Dometios
Price from €2,195/m² (₪7,661/m²)
Editorial | CASABROVA
All articles →Q2 2026 Investor Briefing
Our quarterly cross-market briefing: twenty-nine markets, the cost of borrowing as a foreign buyer, cycle position, tax by nationality, and the CASABROVA Score.
Regulation on Steroids: Why Greece is Pushing Investors Away (And Why Cyprus is the Answer)
Greece has entered a phase of "regulation on steroids," systematically dismantling the very incentives that saved its real estate market a decade ago. Smart money is crossing the Mediterranean to Cyprus.
The Silent Wealth Migration: Capital Flight from the UK to Cyprus and the UAE
The UK Non-Dom regime is dead. CASABROVA tracks where UHNWI capital is flowing — and the luxury property squeeze it will trigger in Cyprus and Dubai.
Market Review — Nicosia
Nicosia is Cyprus's capital and the world's last divided capital city. The property market focuses on residential rentals driven by government workers, university students, and the growing tech sector. Prices are lower than coastal cities, offering yields of 4-6%. The Engomi, Strovolos, and Old Town areas are popular for investment.
Last updated: April 26, 2026
Discussions — Nicosia
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