Property for sale in Famagusta
Property types in Famagusta
Related searches
Areas within Famagusta
Property prices in Famagusta
There are 36 homes for sale in Famagusta, Cyprus, listed on our site, and the range in price is between € 145,000 and € 9,000,000.
The median listing home price in Famagusta is € 455,000.
The median listing home price/m² is € 3,099.
New developments
There are 25 newly built homes for sale in Famagusta, listed on DevelopersCyprus. The prices range between € 155,000 and € 9,000,000.
The median new development price in Famagusta is € 596,000.
Famagusta real estate trend
The residential property market in Famagusta has been experiencing consistent price growth over the past three years. In 2022, the Residential Property Price Index (RPPI) published by the Central Bank of Cyprus showed an annual gain of 5,7%, indicating strong demand and limited supply.
This positive trend for Famagusta real estate has continued into 2023, with the RPPI recording a yearly increase of 6,5%. Additionally, in the first quarter of 2024, the year-over-year increase compared to 2023 was 11,8% (the highest growth among all districts).
The latest data published by the bank shows YoY growth of 10,9% in 2024 Q2.
How to buy a house in Famagusta
Here are the simplified steps to purchase a home in the Famagusta district of Cyprus:
- Find a home that meets your requirements and budget.
- Contact our real estate agent to express your interest.
- Arrange a viewing of the property and ask any relevant questions.
- Make an offer to the seller. We can assist in negotiating a better price.
- Once the offer is accepted, hire a lawyer to handle the legal process. We can help you to find a reliable property lawyer in Famagusta.
- Pay a deposit to secure the property and sign a pre-contract (Reservation agreement).
- Proceed with signing the contract and paying part of the remaining balance.
- If you are a non-EU citizen, obtain permission from the Council of Ministers through your lawyer.
- Stamp the contract and register it with the Famagusta Land Registry Office. Pay the remaining part of the purchase price.
- If the property has title deeds, you must get a Land Registry appointment, pay the transfer fees, and transfer the title deed before paying the remaining balance.
We can assist you at any step of the process.
Find your new home in Famagusta with our experts
Our dedicated team of real estate professionals led by Chris Michael is here to guide you. For those who are looking to buy a house in Famagusta with us, we provide the following:
- real estate prices from developers and owners
- off-plan, resale, traditional, and modern houses for sale
- comprehensive comparison of Famagusta locations and their pros and cons analysis
- technical specifications and detailed floor plans
- high-resolution photos or 3D renders for off-plan and under-construction houses
- guided visits to construction sites for new development projects
- assistance in preparing all necessary documentation, including sales contracts
- reduced VAT applications for individuals who purchase a newly built house for their own use
- legal support and Cyprus permanent residency applications with fixed fees through our partner lawyers
- post-purchase support and property management
While most of our listings are new developments for sale, we also offer a limited selection of ready-to-move luxury homes in Famagusta that are part of recently completed projects. Contact DevelopersCyprus today to get assistance with your property search and purchase.
