Famagusta, Ayia Napa, Cyprus

Block of Apartments in Ayia Napa, a prominent beach resort on Cyprus?s southeastern coast.

It's one of three similar but not identical low-rise blocks within a contemporary gated development in Ayia Napa, a prominent beach resort on Cyprus?s southeastern coast. Within walking distance are several restaurants, banks, gift stores, bakeries, and a medical clinic. The resort?s magnificent sandy beach with the azure Mediterranean ocean is about 500m away. Larnaca International Airport is about a 35-minute drive away.

It has five units in total: two cozy two-bedroom apartments on the ground floor, two comfortable one-bedroom apartments on the first floor, and a spacious three-bedroom penthouse with roof terrace on the third story. Living spaces range from 54.70m2 to 144.30m2 to provide people with the exact amount of room they require during their stay in Ayia Napa.

The key characteristics of this property are its high quality, energy efficient, anti-earthquake construction, and stylish finishing materials. It also has air conditioning and heating, fitted closets and kitchen cabinets, and double-glazed windows. Residents also have access to a 25.5m x 7m common pool with jacuzzi and sun terrace dedicated specifically for this block, as well as designated parking for each unit.

In terms of lifestyle and closeness to the beach, the resort center, and the airport, no other modern building in the region compares. this one, which is available completely furnished, will appeal to investors looking for a property that can provide a good return through vacation rentals.

Year of Construction: 2019

Famagusta, located on the Greek side of Cyprus, offers a compelling array of reasons to consider it as a prime destination for property investment. Here are some key factors that make buying in Famagusta a wise decision:


1. Stunning Beaches: Famagusta boasts some of the most breathtaking beaches in the Mediterranean. With crystal-clear turquoise waters, golden sand, and a pleasant climate, it's an ideal location for beach lovers and water enthusiasts.


2. Property Investment Potential: Famagusta's real estate market offers significant potential for growth and returns on investment. The area is experiencing ongoing development, attracting both local and international investors seeking to capitalize on the region's tourism and economic growth.


3. Tourism Growth: Famagusta is a popular tourist destination, attracting visitors from around the world. The city's stunning beaches and vibrant atmosphere make it an appealing choice for travellers, ensuring a steady demand for rental properties and holiday homes.


4. Strategic Location: Famagusta's location is advantageous, offering easy access to nearby amenities and attractions. The city is well-connected to Larnaca airport and is home to other popular destinations such as Ayia Napa and Protaras.


5. Quality of Life: Famagusta offers an excellent quality of life, with a relaxed and welcoming atmosphere. The city provides a range of amenities, including shopping streets, restaurants, and entertainment options, ensuring a comfortable and convenient lifestyle for residents.


6. Affordable Property Prices: Compared to some other Mediterranean destinations, Famagusta's property prices are relatively affordable. This affordability, combined with the potential for growth, presents an enticing opportunity for buyers looking to invest in a promising real estate market.


7. Investment Incentives: The Cypriot government offers various incentives for property buyers, such as citizenship programs and tax benefits. These incentives can further enhance the financial appeal of investing in Famagusta.


8. Stability and Security: Cyprus is known for its political stability and security, providing a safe environment for residents and investors alike. Famagusta, specifically, has a low crime rate, ensuring peace of mind for property owners.