Increasing Property Prices in Nicosia and Proposals for Makarios Area
June 14, 2025
Property prices in Stasikratus, Nicosia, reach €5,500 per square meter, significantly higher than €3,200 in Dasoupolis. Property sales have increased, with transaction volume amounting to €5.6 billion last year. However, Mr. Loizou notes that many buildings remain inactive, with 30% being empty. Additionally, opening Makarios Avenue could provide more visibility and connectivity in the area.