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Properties for Sale in Famagusta, Ammochostos, Cyprus

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Real estate in Famagusta

The Ammochostos region in eastern Cyprus has grown in popularity among foreign property buyers and investors. If you're seeking your dream home or a beachfront apartment, Famagusta should be high on your list. This stunning town in the Ammochostos district, boasting a historic city centre and pristine beaches, has garnered a reputation as the "Pearl of the East" for its captivating architecture and landscape. Prior to reaching out to a local real estate agent, explore the current market conditions in Famagusta, what properties are on offer, and the price range for acquiring a holiday home in such a distinct location. Famagusta, with its rich cultural heritage and coastal charm, offers diverse real estate options ranging from traditional stone houses to modern luxury villas. The real estate market here is vibrant, reflecting the town's unique blend of history and modernity.

Famagusta properties: Market trends overview

The property market in Famagusta, Ammochostos, has seen a consistent increase in values, rendering it appealing to international investors and buyers, particularly from Scandinavian nations, the UK, Germany, and the United States. Boasting a prime coastal location, Famagusta offers a superb blend of laid-back living and energetic vacationing, thanks to a plethora of recreational centers, golf clubs, and easy access to the vibrant city of Nicosia. Renowned for its striking coastal setting, rich historical legacy, and premium lifestyle, Famagusta has been focusing more on urban development in recent years, providing a wide array of real estate options for local and international property buyers. These include sleek and functional townhouses, apartments, modern villas, traditional Cypriot houses, and luxurious penthouses. The availability of property and apartments for sale in Famagusta, Cyprus, that meet different budgets and lifestyle choices is straightforward, making this charming city highly attractive to foreign buyers.

What is the average price of a property for sale in Famagusta

What might you anticipate to fork out for properties in Famagusta, Ammochostos? The pricing is largely variable considering a variety of impacting elements. Aspects such as the kind of property, how close it is to the historical center and beaches, the facilities it offers, as well as personal preferences (like the existence of luxury features, the property's size, its accessibility, and so forth) significantly determine the value. Recent data reveals that the peak asking price for real estate on sale in Famagusta, Ammochostos was €2,550 per square meter. The priciest property offerings are found in the Varosha-Paralimni area. Conversely, the most budget-friendly prices, with an average price per square meter of €1,948, are located in the Ayia Thekla-Ayia Napa zone. The current average listing price for a house stands at about €562,400.

FAQs

Which neighborhoods in Famagusta have the best transportation options?

1. Ayia Napa: This is a popular tourist destination with excellent transport links. It is well-served by regular buses that connect it with other parts of Famagusta, as well as the rest of Cyprus. There are also many taxis and car rental companies in the area. 2. Protaras: Another popular tourist area, Protaras also has excellent transport links. The public bus service is reliable and there are also plenty of taxis and car hire companies. 3. Paralimni: As the administrative capital of Famagusta, Paralimni has good transport links, including regular bus services to other parts of the district as well as other cities in Cyprus.

What types of properties can you find in Famagusta?

In Famagusta, Ammochostos, Cyprus, the property market is diverse and features a variety of options, such as stylish apartments, lavish penthouses, top-grade beachfront villas, and traditional Cypriot houses. The most desirable property for sale is often found within private residential communities. Here, you can discover spacious 3-4 bedroom apartments complete with expansive balconies and two-story homes, each boasting its own entryway, large balcony areas, and individual kitchens. You might also consider a brand-new villa situated in a prime location in Famagusta, Ammochostos, providing sea views, easy access to the beach, and an ideally suited environment for residential living. These properties echo the traditional charm of Cyprus while offering all the comfort of modern living.