New Developments for Sale in Nicosia, Cyprus.
Curated new developments for sale across the Nicosia district.
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.
No matching new developments in Nicosia are on the open market right now. Register interest and Lextrus will notify you the moment new stock is instructed.
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.
Where to look in Nicosia.
Restored townhouses, boutique developments and walkable urban living.
Diplomatic and executive housing, close to embassies and the university.
The largest residential suburb, family homes and modern apartments.
Established residential district close to the University of Cyprus.
Value family homes and new residential developments.
Office floors, mixed-use buildings and corporate lets.
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.
More Nicosia property.
New Developments across Cyprus.
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