Villas in Famagusta: what options to choose

Welcome to ATLAS Real Estate Agency! Famagusta is a city in Northern Cyprus known for its rich history, magnificent beaches and attractive real estate market. With a mild Mediterranean climate, stable economic environment and quality of life, Famagusta is a great place to buy a villa.

How can I buy villas in Famagusta?

Buying a villa in Famagusta, a city in Northern Cyprus known for its historical sites and beautiful beaches, can be a worthwhile investment or an ideal choice for those looking for a home in a warm climate. The real estate market in Famagusta offers a diverse selection of villas to suit different tastes and budgets. For a successful purchase, it is important to utilize the services of experienced professionals and thoroughly research the local legal regulations. Here are the basic steps to take when buying a villa in Famagusta:

1. Determining your needs and budget – first of all, you need to clearly define what you are looking for in a villa, what budget you are willing to allocate, and what features are prioritized.
2. Finding a suitable property – the next step is to find a villa that meets your criteria. This is where a real estate agency will come to your aid, offering you various options and organizing showings.
3. Due Diligence – It is important to perform a thorough due diligence on the property to ensure there are no legal issues or debts associated with the property.
4. Closing the deal – once the property has been selected and all inspections have been carried out, you can proceed to closing the deal, which includes signing the purchase agreement and making all the necessary payments.

What are the differences between villas and houses in Famagusta?

Villas in Famagusta tend to be larger and more luxurious properties than standard homes. They are often set on large plots of land and have their own swimming pools, gardens and other amenities that are not always available in standard homes. Villas offer a higher level of privacy and exclusivity, making them an ideal choice for those seeking privacy and luxury.

Is it profitable to invest in Villas in Famagusta?

Investing in villas in Famagusta can be a lucrative solution for those looking for investment opportunities in Northern Cyprus. This region attracts investors due to its warm climate, beautiful beaches and relatively low real estate prices compared to other popular locations in Europe. The real estate market in Famagusta has shown steady growth and interest in villas as an investment vehicle and rental property continues to grow. Here are the key aspects that make investing in villas in Famagusta attractive:

1. Increasing value – real estate in Famagusta tends to increase in value, which promises a profit on resale in the future.
2. Rental income – strong tourist flow provides demand for rentals, allowing villa owners to generate a steady income.
3. Low taxes – relatively low property taxes and rental income make investing in Famagusta even more attractive.
4. Developing infrastructure – investment in the region is supported by a constantly developing infrastructure, which increases the attractiveness of Famagusta for residents and tourists.

How can a foreigner buy a villa in Famagusta?

The purchase of real estate in North Cyprus by foreigners is allowed, but there are certain procedures and restrictions that need to be considered. Here are the main steps for foreigners wishing to purchase a villa in Famagusta: Choice of property – a wide range of villas in Famagusta is available to foreigners. It is important to choose a property that meets all your requirements and desires. Obtaining a permit – foreigners must obtain a special permit to purchase property in North Cyprus, which can take some time. Sale and Purchase Transaction – Once the authorization has been obtained, you can proceed to conclude the sale and purchase transaction and register the title. Legal support – it is highly recommended to use the services of a local lawyer who will help with all the necessary paperwork and make sure that all procedures are legal. It is important to thoroughly research all aspects of buying property in North Cyprus so that the investment is successful and safe.

What is the downside of living in a villa in Famagusta?

Despite the many advantages, living in a villa in Famagusta can include high maintenance and upkeep costs, as well as the need to adapt to the local environment and culture.

Is it possible to buy villas in Famagusta without having citizenship?

Yes, foreigners can purchase a villa in Famagusta without having North Cyprus citizenship, but must comply with certain legal requirements.

Contact our managers

If you are interested in buying a villa in Famagusta or want more information about investment opportunities, our managers at ATLAS are ready to provide you with all the necessary information and support.