Investment Property in Nicosia

Invest in Real Estate in Nicosia

Investment Property in Nicosia
Investment Property in Nicosia

Nicosia property investment can be a worthwhile venture if you are selective with the areas you choose to invest in. If not, you could find that your investment suffers due to low rental yields, dwindling demand, and slow property price growth in many parts of Nicosia .

Search Map of Nicosia Investment Real Estate

Nicosia ( NIK-ə-SEE; Greek: Λευκωσία, romanized: Lefkosía [lefkoˈsi.a]; Turkish: Lefkoşa [lefˈkoʃa]; Armenian: Նիկոսիա, romanized: Nikosia; Cypriot Arabic: Nikusiya) is the largest city, capital, and seat of government of Cyprus. It is located near the centre of the Mesaoria plain, on the banks of the River Pedieos.

According to Greek mythology, Nicosia (Lefkosia in Greek) was a siren, one of the daughters of Acheloos and Melpomene and its name translates as “White State” or city of White Gods.

Nicosia is the southeasternmost of all EU member states’ capitals. It has been continuously inhabited for over 4,500 years and has been the capital of Cyprus since the 10th century. The Greek Cypriot and Turkish Cypriot communities of Nicosia segregated into the south and north of the city respectively in early 1964, following the fighting of the Cyprus crisis of 1963–64 that broke out in the city. This separation became a militarised border between the Republic of Cyprus and Northern Cyprus after Turkey invaded the island of Cyprus in 1974, illegally occupying the north of the island, including northern Nicosia.

Apart from its legislative and administrative functions, Nicosia has established itself as the island’s financial capital and its main international business centre. In 2018, Nicosia was the 32nd richest city in the world in relative purchasing power.

The financial stability of Nicosia has translated into a real estate market that rewards forward planning and a willingness to look beyond areas of traditional affluence.


Buy to Rent in Nicosia


Renting out your Nicosia buy-to-rent investment property can grow wealth and income.


Whatever your goals with investment property in Nicosia are – preparation is key.


  • Set goals based on how much rental yield will be required and the local rental yield rates in Nicosia and be prepared to change your initial outlook.
  • Thoroughly research the Nicosia location with a special emphasis on fringe areas outside the main Nicosia metropolis that may be valued lower than their better-known neighbors. Rental yields of around 5% are still attainable in certain areas of Nicosia.
  • Ensure that your target investment property in Nicosia appeals to professionals. This is a demographic that ensures maximum income and low voids.
  • Finding and vetting suitable tenants is a job ideally left to the professionals. Working with an established letting agent with local knowledge and experience of property legislation will give you the best chance of success.


With our expert guidance, investing in Nicosia provides the secure knowledge that your money is working harder than it would in a local Nicosia bank and that future generations of your family will be left with substantial capital growth assets.


We are always happy to advise on buying investment property in Nicosia, where we have been established for over 35+ years. Physis Realty has been a firm fixture in the Nicosia property market through good times and bad. Our experts have seen it all and our portfolios continue to outperform.

Flipping Investment Property in Nicosia

Flipping property in Nicosia


Flipping property is when we advise clients to buy a Nicosia property below market value, renovate it and then make a profit by selling it at a higher price, all within a few months, and often before the Nicosia market has a time to react to the renovation.


The Flipping Strategy in Nicosia


Investment property flipping in Nicosia is a simple strategy. You find a property that is in need of renovation from our list and purchase it for a low price. These type of Nicosia real estate investments are sometimes referred to by professionals as ‘distressed’ Nicosia real estate.


What is distressed Nicosia property:


  • Nicosia property in need of renovation
  • Nicosia real estate with a change of purpose and use
  • Oversold Nicosia property
  • Bank repossessions in Nicosia

Put simply, long term investors in Nicosia purchase the property, renovate it and make it a lot more attractive to potential buyers.


Calculate profit that you make from Nicosia investment property flipping:


Final Selling Price less Cost of Purchase less Costs = Profit

Here is an example:

Nicosia property purchase price: $220,000

Renovation costs: $20,000

Other costs: $25,000

Property sale price: $400,000

Profit: $135,000


Experienced property developers in Nicosia use a minimum profit value of 22% when looking at potential Nicosia projects.


The reason for this is because there are lots that can go wrong in Nicosia property flipping and working on a potential margin of 22% should still leave a good margin of error.


Invest through a Fund in Nicosia


Property Secured Investments is a Private Equity fund that invests in Nicosia and many other towns and cities across Europe. The fund is only available to Sophisticated Investors and closed to United States Citizens. While this is not an offer or promotion of the fund, more information can be found at the website

Luxury Property in Nicosia

For luxury property investors hoping to add a superb property in Nicosia to their luxury real estate investment portfolio, Physis Realty is a trusted partner.


A world leader in luxury real estate with a portfolio comprising some of the most sought-after real estate in Nicosia, Physis Realty caters particularly to high net-worth individuals and families. A luxury real estate investment in Nicosia should be entrusted to only the highest-quality agency.

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