Resale properties are struggling, due to new off-plan properties coming to the market. Whether it is a flat or a house, the secret to cheaper prices lies in the LAND. Land is the dominant factor that affects the value of flats and houses. Developers, investors, and young couples are buying much cheaper land compared to the past.

Construction cost almost remain the same with an average construction cost of 1,000 Euro per sq.m. As a result, new upcoming properties have lower asking prices than 4 -12-year resale properties.

This makes the selling of resale properties very hard and the acquisition of plots and land is the smarter investment nowadays. M.Residence Agents can provide you with good quality plots and land in the most desired neighbourhoods of Nicosia.

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M. Residence Brand: New horizons in Real Estate - The gate of your new Residence.