Villas and houses for sale in Famagusta

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Villas in Famagusta

Buying villas in Famagusta for investment and living offers the opportunity to become a property owner in a resort with centuries of history. Up until the division of Cyprus into Northern and Southern parts, the city was the main tourist center of the country. Famagusta attracts visitors not only with its beautiful beaches, but also with its fascinating historical heritage. The region boasts numerous architectural monuments, some of which date back to the 1200s.

Since its founding in the third century BCE, Famagusta, as a major port center, has repeatedly changed hands from one state to another. The city has been part of Cyprus, been captured by the Genoese and Venetians, and, for a time, housed the residence of King Richard the Lionheart. The United Kingdom, Turkey, and Cyprus fought over the right to claim Famagusta as their part. The resolution came in 1974 when Cyprus was divided into Northern and Southern parts, with a part of the city being destroyed.

After Famagusta's restoration, only the Varosha district, the city's tourist center until 1974, serves as a reminder of what happened. It is fenced off and access to the area is closed. The rest of the city lives an active life, hosting tourists annually and providing comfortable accommodation and quality relaxation.

The real estate of the area consists of houses and apartments in Cyprus, fully meeting the comfort requirements. You can buy a ready-to-move-in villa or invest money in under-construction complexes. Villas and houses for sale in Famagusta are suitable for permanent residency or as a place for seasonal vacations. When relocating, buying a house in Famagusta may become grounds for obtaining a residence permit.

Investment house in Famagusta

Villas in Cyprus have been in high demand for the past few years. Foreign residents choose to buy villa in Famagusta for several reasons:

  • convenient geographical location and proximity to mainland Europe;
  • comfortable climate;
  • a wide selection of real estate options;
  • high investment potential;
  • still affordable prices;
  • no restrictions on purchases for foreigners.

Investing in a house in Famagusta allows you to protect money from inflation and grow capital. Investments in under-construction housing remain the most profitable. At the start of sales, prices are much lower than when the house is completed. This strategy allows earning money from reselling the property. You can also rent out the finished house. For this, it is not necessary to reside in the country. Local agencies take on trust management of the property, select tenants themselves, handle the move-in process, and monitor the condition of the housing. The owner receives profits after commission deductions and remains entirely free from the need to deal with organizational matters.

Villas prices in Famagusta

The cost of villas in Famagusta in current listings as of the publication date ranges from $274,500 (€250,000) to $7.9 million (€7.2 million). Typically, houses prices in Famagusta are the lowest in under-construction residential complexes. There's another advantage in buying them: many developers offer interest-free instalment plans. This allows you to make a down payment and subsequently pay the amount in parts, without resorting to mortgage financing.

The average price of villas for sale in Famagusta is $439,000 (€400,000). The final cost consists of several factors:

  • year of construction;
  • size, number of floors, and bedrooms;
  • size of the land plot;
  • proximity to the sea.

Premium properties are the most expensive. Usually, they come with exclusive finishes, are equipped with plumbing fixtures, and household appliances from popular brands. Owners get to live in a spacious house with a large adjoining plot, which may include a swimming pool and garden. Often, villa residents have access to a private beach.

Buying house in Famagusta

We present an up-to-date database of properties in Cyprus. The site features listings from reliable developers and local real estate agencies. The search system is equipped with filters that allow you to choose housing of the desired type, in the preferred area, and with the required number of bedrooms. Price calculations are available in euros and dollars. Specialists will help you buy house in Famagusta from a trustworthy seller, with proper legal processing of all necessary documents. To receive a consultation on selecting foreign real estate, simply fill out the feedback form. Start your search for a coastal home right now!