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Home » Investment » Property Market » Cities » Famagusta
Famagusta


The golden beaches of the Famagusta district are located in the Eastern corner of the Island that is a government controlled area. Popular holiday places include Ayia Napa, Protaras, and Paralimini, considered a paradise for sea and water sports fans. Protaras and Ayia Napa are the major tourist areas, whereas Paralimni is a traditional township.

The fascinating surroundings include the Fishing Harbour of Ayia Napa, a small fishing village that has now fully developed into main touring spots. A medieval monastery lies exactly into the heart of the village, while windmills & small churches can be found in the nearby villages, which are extended towards Paralimni and Protaras. The villages are also famous for their folk-poets, considered as the best all around the island.

This region is undergoing much more developments than other parts including upgrading of marinas and golf course. Several major classified hotels can be found there. Popular available activities within the area are: Stables (horse farms) open to the common public for riding, Cape Greko that is a major attraction for nature lovers & cyclists who like to walk the trails of nature, and water sports. "The Ayia Napa Water World" one of the largest water park in Europe is also a must seen place. At least for 8-10 months, nightlife remains in full swing with lots of fun, particularly in Ayia Napa.

PROPERTY OVERVIEW:
Undoubtedly this is a prime location for holidays and long term stays. The area is now under major developments, including constructing holiday resorts & private villas. The island is fairly flat and most of beachfront locations have already been built upon. Mostly all projects near to completion have been sold. Some resorts provide magnificent mountain views and most of them have their own communal pools & gardens. Almost all new resorts offer a slight sea or mountain view. Now days the properties with good sea views have reached their peak prices.

Paralimni :
This is the main town area where the residents are generally locals. It is approximately 6 km away from the tourist locations.

Protaras :
At east coasts, Protaras is one of the most admired holiday resort areas. It offers a pure family orientated holiday environment where few families are already living permanently or casually. This area also contains two small marinas for yachters. The land is fairly flat and most of properties acquire a good sea view within a radius of 4 km from the seafront. 60% of apartment blocks also have a marvelous sea view.

Ayia Napa :
Ayia Napa is the greatest holiday resort area especially popular with the young generation. It contains many bars, pubs, restaurants and clubs. A large marina and lot of self-catering hotel apartments & hotels are located within the area. All the properties have a gigantic sea view.

All the above mentioned areas offer following choices both for tourists and investors:
• Hotels (2, 3, 4 & 5 star hotels available) with all standards
• Apartments - With communal pools and gardens
• Private Villas – Attributed communal or private pools depending the resort location
• Detached or Semi-Detached Houses
• Hotel Apartments - (Self-catering) with all the necessary conveniences amenities


Transportation: Around 70% properties and locations are within walking distance and proximate to the beaches. However for your convenience, cars or scooters are available upon rent whereas bus routes and taxis are also in easy access.

Buying :
Paralimni properties: Apartments:
CYP 40.000 - CYP 100.000
Maisonnettes: CYP 65.000 - CYP 120.000
Houses: CYP 95.000 - 250.000
Villas: CYP 180.000 - CYP 500.000

Renting :
Rental prices depend upon the availability and staying duration. This condition is applicable to all types of accommodations.



 

 
 
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