Prime Development Plot in Central Nicosia, Cyprus
€2,000,000€2,907/m²
688 m²
interior
688 m²
plot
Land
property type
7 Jul 2026
listed
The Habio take
AI summaryThis prime 688m² plot of land located on Andreas Avraamides Street presents an exceptional investment opportunity in the heart of Nicosia. Its proximity to essential amenities and the esteemed Aretaeio private hospital makes it ideal for residential or commercial development.
- city
- investment
- new build
Highlights
- Prime location on Andreas Avraamides Street
- 688m² of versatile development land
- Close proximity to Aretaeio private hospital
- Surrounded by essential amenities
- Strong potential for capital growth
- Ideal for residential or commercial projects
Good fit for: Ideal for developers or investors looking to capitalise on a key location.
Lifestyle scores
- Beach
- 0
- Walkable
- 75
- Remote work
- 70
- Family
- 60
- Retirement
- 65
- Airport access
- 80
- Investment
- 85
- Luxury
- 50
- Value
- 70
About this place
Discover a remarkable opportunity in Nicosia with this 688m² plot of prime development land situated on Andreas Avraamides Street. Boasting a strategic location, the land is just a stone's throw from the state-of-the-art Aretaeio private hospital, ensuring convenience in a dynamic urban setting.
Surrounded by a wealth of amenities, including supermarkets, banks, pharmacies, schools, bakeries, and a variety of restaurants, this plot offers a vibrant lifestyle. The bustling atmosphere of Nicosia is perfect for those looking to blend business and leisure, as the area thrives with activity and community engagement.
With endless development possibilities, this plot allows for the creation of residential complexes, charming townhouses, or bustling commercial spaces. As Nicosia continues to grow, investing in this land means capitalising on the city's promising future.
Where you’ll be
Nicosia, Nicosia, Cyprus
Location is approximate — exact address is confirmed by the agent.
Open in Google MapsBuying property in Cyprus
The process of buying property in Cyprus requires careful planning and involves several legal steps. Foreign buyers should budget for associated costs such as stamp duty, legal fees, and transfer fees, which can vary based on the property's value and other conditions.
Foreign buyers must confirm details with a qualified local lawyer as there are differences based on citizenship, and laws can change.
Recent adjustments include the introduction of a 0.4% seller's fee for the Central Agency for Equal Distribution of Burdens.
Sources consulted (2026-07-27): - Purchasing Property - Ministry of Interior - Gov.cy: https://www.gov.cy/moi/en/purchasing-property/?utm_source=habio - Εργαλείο υπολογισμού Φ.Π.Α. 5% για αγορά/ανέγερση κατοικίας - Tax For All - Gov.cy: https://www.gov.cy/mof-tfa/documents/ergaleio-ypologismoy-f-p-a-gia-agora-anegersi-katoikias/?utm_source=habio
Always check the latest legal requirements and fees.
General guidance only — confirm specifics with a qualified local lawyer or tax adviser. Reference
