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Nicosia Development land 630,000 €
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№ 2,434,629

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Land plot 520 m² in Nicosia

630,000 €

Land area
520 m²

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Description

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Location: Nicosia

An old single storey house in Panagia, Nicosia. The house has an area of 105 m² and is considered obsolete with no economic value. The plot has an area is 520 m² and 23m road frontage. It falls within planning zone EZ-α, with building density coefficient of 200%, coverage coefficient 60%, in 8 floors and a maximum height of 31m height.

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Is this property suitable for obtaining a permanent residence permit in Cyprus? How much should I budget for legal arrangements? Can I rent this property out?

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Enquiry

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Meeting the partners

After clarifying your enquiry, we will introduce you to our partners and/or local agents.

Offer selection

We will help you to select suitable options. Tranio does not charge a commission for this — the property price remains the same as if you contacted our partner directly.

Viewing tour

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Transaction closure

Having chosen the best property, you will sign the sales or investment agreement (for development).

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FAQs

How to make payments for property abroad?

Tranio has a transaction department that provides clients with safe and convenient payment solutions. We monitor changes in currency legislation, strengthen partnerships with banks in different countries, ensuring the legality of transfers and minimal commissions. You can pay in roubles for purchases in Tranio's own development projects abroad.
Is it possible to obtain a residence permit when buying property?

In some countries — yes. Such programmes for obtaining a residence permit in exchange for property investments are called Golden Visas. The most popular Golden Visas in Europe are offered by Greece and Cyprus. In the Persian Gulf, the UAE and Oman also offer residence permits for property owners.

However, if you need a residence permit to gain visa-free access to Schengen countries or to open an account in Europe, it's not absolutely necessary to buy property. Greece, Spain, Italy, Finland, France, and Portugal have accessible residence permit programmes.

The choice of programme depends on your goals. Explore all available programmes or contact Tranio's migration department for consultation.
How long does the property registration process take?

The registration period depends on legislation and established procedures in local property markets. Usually, the entire process from selecting a property to registering ownership takes at least a month. In our experience, the fastest transactions occur in the UAE — currently one of the most technologically advanced markets with land legislation specifically designed for foreigners. In Cyprus, registration will take 1–2 months, in Greece — from 3 months.

In some countries, such as Thailand, transaction registration at the land department occurs after the property is commissioned. Signing a purchase agreement with a developer in Thailand takes from two weeks to a month, while registration at the land department takes no more than a week.

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Tranio Global Real Estate, Ohmydesk Business Center, Al Fattan Downtown, 32d St, 103-104, Al Satwa Dubai, UAE

+971 (4) 610-45-55

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+34 932 204 049

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+30 211 198-60-27

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+49 302 2957622

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