Exceptional Development Plot of 5222 m² in Lakatameia, Nicosia
€1,500,000€287/m²
5,222 m²
interior
5,222 m²
plot
Land
property type
7 Jul 2026
listed
The Habio take
AI summaryThis expansive 5222 square metre plot in Lakatameia, Nicosia, offers a prime opportunity for development, suitable for both residential and commercial projects. Located in a vibrant suburb just west of Nicosia’s city centre, this plot can become a landmark destination within a growing community.
- investment
- city
- family
Highlights
- 5222 m² plot
- Zoned for residential and commercial use
- Strategic location in a vibrant suburb
- Building density of 0.6, coverage of 0.35
- Opportunities for modern apartments or commercial space
- Access to essential amenities and services
Worth knowing
- Development approval processes may vary
- Initial investment cost may be high
- Potential competition from existing properties
Good fit for: Ideal for investors or developers looking for a strategic location in a growing community.
Lifestyle scores
- Beach
- 0
- Walkable
- 70
- Remote work
- 70
- Family
- 75
- Retirement
- 70
- Airport access
- 60
- Investment
- 85
- Luxury
- 65
- Value
- 60
About this place
An exceptional opportunity awaits with this 5222 square metre plot of land for sale in Lakatameia, Nicosia, Cyprus. The site is zoned for both residential and commercial use, making it ideal for investors and developers looking to establish a noteworthy project. With a building density of 0.6 and a coverage allowance of 0.35, you have the flexibility to create modern apartments, a commercial complex, or a mixed-use development that integrates both residential and commercial spaces.
Lakatameia thrives as a suburban community, providing immediate access to a well-established residential base and a growing commercial sector. The location offers excellent potential for creating a vibrant hub that caters to both residents and businesses, ensuring a steady flow of customers. Whether you imagine spacious apartments with amenities for families or a lively space for cafes and shops, this plot provides the perfect blank canvas.
Beyond its development potential, Lakatameia is surrounded by historical landmarks, cultural attractions, shopping districts, and reputable schools, making it an ideal location for those wishing to combine convenience with suburban charm. Envision your project as a central gathering place that enriches the lives of the community while promising solid investment returns.
Where you’ll be
Nicosia, Lakatameia, 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
