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Lextrus Real Estate
Real Estate · Cyprus

A private brokerage dedicated to the curation, acquisition and stewardship of exceptional Cyprus property — from Limassol's seafront residences to off-market estates.

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LarnacaEnomenon Ethnon 36, Hellenium Court, Office 1–2, 6042 Larnaca, Cyprus
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Lextrus · Nicosia

New Developments for Sale in Nicosia, Cyprus.

Curated new developments for sale across the Nicosia district.

New Developments in Nicosia, Cyprus
About New Developments in Nicosia

New Developments for sale in Nicosia.

New-build and off-plan developments for sale in Nicosia, Cyprus — brand-new stock direct from developers, priced first-hand and eligible for the reduced 5% VAT scheme. Lextrus lists every active new development across the Nicosia district.

All property in NicosiaSpeak to a Nicosia advisor

No new developments in Nicosia right now.

There is no new developments on the open market in Nicosia at the moment. Leave your email below and we will tell you as soon as new stock is instructed — nothing else, and you can unsubscribe any time.

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Why Nicosia

Why buy new developments in Nicosia.

  • First-hand pricing direct from the developer — no resale premium.
  • Reduced 5% VAT available on qualifying primary-residence purchases.
  • Modern spec, energy ratings and 10-year structural warranties.
  • Every active new development across the Nicosia district — coordinated in one place.
Neighbourhoods

Where to look in Nicosia.

City Centre & Old Town

Restored townhouses, boutique developments and walkable urban living.

Engomi

Diplomatic and executive housing, close to embassies and the university.

Strovolos & Acropolis

The largest residential suburb, family homes and modern apartments.

Aglantzia

Established residential district close to the University of Cyprus.

Latsia & Geri

Value family homes and new residential developments.

Egkomi business district

Office floors, mixed-use buildings and corporate lets.

FAQ

New Developments in Nicosia — FAQs.

What counts as a new development in Nicosia?

Any brand-new, off-plan or under-construction development sold first-hand by the developer — never previously occupied.

Do new developments in Nicosia qualify for reduced VAT?

Yes, subject to the buyer using the property as their primary residence and meeting the current €350,000 / 130m² thresholds under the 5% reduced VAT scheme.

Can I buy off-plan in Nicosia?

Yes. Off-plan is the most common way to secure new-build stock in Nicosia, typically with staged payments through construction. Lextrus handles reservation, contract review and progress inspections.

How much is a property for sale in Nicosia?

Two-bedroom city-centre apartments start around €200,000. Family homes in Engomi typically range €400,000–€900,000, and executive villas in Engomi and Aglantzia sit between €800,000 and €2.5M.

Is Nicosia a good place to buy investment property?

Yes. Nicosia is Cyprus' deepest long-term rental market, with historically lower volatility than the coastal cities. It's a core yield play for investors prioritising cash-on-cash returns over capital growth.

Do you handle commercial property in Nicosia?

Yes. Lextrus regularly advises on office floors, retail units and mixed-use buildings across Egkomi, Strovolos and the CBD.

Related market report

District Estimates for 2027

Limassol, Paphos, Larnaca, Nicosia and Famagusta compared on prices, yields and supply, with a worked investor allocation.

Read the full report Download the PDF
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