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Magusa (Famagusta) Property Listing

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Investment Opportunity In Cyprus

Magusa, Iskele

78m2

170.000 USD

Residency

Investment

Vacation

Explore the Real Estate Market in Magusa (Famagusta) with Homes Gravity
2013-2024 Insights

A Comprehensive Analysis of Property Opportunities in Magusa (Famagusta)

In 2023, the real estate market in Magusa (Famagusta) saw considerable changes, indicating its growth and rising attractiveness. Homes Gravity provides key insights into why Magusa (Famagusta) is becoming a prominent destination for property buyers and investors.

Real Estate Trends in Magusa (Famagusta), Northern Cyprus (2013-2023)

Coastal Real Estate in Magusa (Famagusta)

Magusa (Famagusta), situated on the eastern coast of Northern Cyprus, offers a variety of coastal real estate options. The region’s pristine beaches and stunning sea views make property for sale in Magusa (Famagusta) particularly attractive to those seeking a seaside lifestyle. The coastal real estate market in Magusa (Famagusta) features luxury villas, beachfront apartments, and charming seaside cottages, appealing to a diverse range of buyers. This coastal setting enhances the appeal of the Magusa (Famagusta) real estate market.

Historic Charm in Magusa (Famagusta) Real Estate

Magusa (Famagusta) is steeped in history, with ancient landmarks and architectural treasures that contribute to its unique charm. Property for sale in Magusa (Famagusta) often includes traditional stone houses and structures with historical significance. The real estate market in Magusa (Famagusta) attracts buyers interested in owning a piece of history, with many properties located near sites like the ancient city of Salamis and the Venetian walls. This historic charm adds a distinctive character to real estate in Magusa (Famagusta).

Modern Developments in Magusa (Famagusta) Real Estate

In recent years, Magusa (Famagusta) has experienced a wave of modern developments, transforming its real estate market. New residential complexes, commercial buildings, and mixed-use projects are emerging across the city, offering contemporary living spaces with modern amenities. Property for sale in Magusa (Famagusta) in these new developments appeals to buyers seeking a modern lifestyle with conveniences such as gyms, swimming pools, and secure parking. The presence of these modern developments signals a vibrant and evolving real estate market in Magusa (Famagusta).

Magusa’s (Famagusta) Real Estate Market

A Global Center for Diverse Investors

Global Surge in Interest to Buy Property in Magusa (Famagusta)

Over the last decade, Magusa (Famagusta) has become a sought-after destination for international buyers seeking to invest in its vibrant real estate market. Homes Gravity, a leading figure in the industry, offers insights into this upward trend and the key factors fueling it.

Global
Interest
to Buy
Property in
Magusa (Famagusta)

Investment Opportunities in Magusa (Famagusta) Real Estate

The real estate market in Magusa (Famagusta) presents various investment opportunities. The city’s growing tourism industry and strategic location create a demand for rental properties and commercial spaces. Investors can find property for sale in Magusa (Famagusta) that offers rental income potential, especially during the peak tourist season. Buying real estate in Magusa (Famagusta) for investment purposes provides a steady source of revenue and the potential for capital appreciation. This range of investment options attracts both local and international investors to the Magusa (Famagusta) real estate market.

Proximity to Universities in Magusa (Famagusta)

Magusa (Famagusta) is home to Eastern Mediterranean University, one of the largest universities in Northern Cyprus. The presence of this institution influences the real estate market in Magusa (Famagusta), creating a demand for rental properties and student housing. Property for sale in Magusa (Famagusta) near the university appeals to investors looking to rent to students and academic staff. Buying a home in Magusa (Famagusta) near educational facilities can be a lucrative investment, given the steady demand for rental accommodation throughout the academic year.

Green Spaces and Real Estate in Magusa (Famagusta)

Magusa (Famagusta) offers various green spaces and parks, providing a tranquil setting within the city. These areas enhance the appeal of the real estate market in Magusa (Famagusta), attracting buyers who value outdoor recreation and natural beauty. Property for sale in Magusa (Famagusta) near green spaces is in demand among families and individuals seeking a peaceful environment. The presence of these parks and gardens contributes to the quality of life in Magusa (Famagusta), making it a desirable location for real estate investment.

Real Estate and Business Growth in Magusa (Famagusta)

The business sector in Magusa (Famagusta) is growing, impacting the local real estate market. The city is home to various industries and commercial enterprises, driving the demand for office spaces and retail properties. Property for sale in Magusa (Famagusta) in commercial districts offers opportunities for business expansion and investment. The growth of business in Magusa (Famagusta) also stimulates the residential real estate market, as professionals and workers seek housing close to their workplaces. This connection between business growth and real estate supports the ongoing development of the Magusa (Famagusta) real estate market.

Magusa's (Famagusta) Exciting Transformation

An Emerging Destination for International Investors

Safety and Security in Magusa (Famagusta) Real Estate

Safety and security are important considerations for buyers in the Magusa (Famagusta) real estate market. The city offers a safe environment with well-maintained infrastructure and a reliable police presence. Property for sale in Magusa (Famagusta) in gated communities or secure complexes appeals to families and individuals seeking safety. The emphasis on security contributes to the stability of the real estate market in Magusa (Famagusta), making it an attractive destination for buyers and investors.

Real Estate in Magusa (Famagusta) and Community and Lifestyle

Magusa (Famagusta) fosters a strong sense of community and offers a vibrant lifestyle, influencing its real estate market. The city's neighborhoods are diverse, providing a mix of local culture and modern conveniences. Property for sale in Magusa (Famagusta) attracts buyers seeking a community-oriented environment with a lively atmosphere. The presence of local events, markets, and social gatherings enhances the sense of community, making real estate in Magusa (Famagusta) appealing to those who value connection and a dynamic lifestyle.

Tourism and Real Estate in Magusa (Famagusta)

Magusa (Famagusta) is a popular tourist destination, with its historic sites and beautiful beaches drawing visitors from around the world. This tourism industry has a significant impact on the real estate market, creating a high demand for rental properties and accommodations. Property for sale in Magusa (Famagusta) is often sought after by investors looking to capitalize on the tourism sector through rental income. Buying a home in Magusa (Famagusta) for rental purposes offers the potential for a steady income stream, especially during the tourist season. This relationship between tourism and real estate drives the growth of the Magusa (Famagusta) market.

Magusa (Famagusta) Tourism Trends (2013-2023)
Tourist Arrivals (thousands)

Tourism Trends in Magusa (Famagusta), Northern Cyprus

Tourism in Magusa (Famagusta), Northern Cyprus, has shown fluctuations from 2013 to 2023, with significant changes in tourist arrivals. Here's a breakdown of the trends, including the percentage differences over this period:

In 2013, tourist arrivals were 500,000.
By 2016, this number grew to 700,000, a 40% increase from 2013.
In 2019, tourist arrivals reached 900,000, marking a 28.6% increase from 2016.
In 2021, due to global events such as the COVID-19 pandemic, arrivals dropped to 400,000, a 55.6% decrease from 2019.
By 2023, the tourism sector showed signs of recovery, with 800,000 tourist arrivals, representing a 100% increase from 2021 and an 11.1% decrease compared to the 2019 peak.

Real Estate Income and GDP Share in Northern Cyprus (2015-2022)

In 2015, real estate income was 150 million USD, accounting for 10% of GDP (1.5 billion USD).

By 2016, income increased to 170 million USD, raising the share to 10.6%.

In 2017, it reached 190 million USD, maintaining a 10.6% share of GDP (1.8 billion USD).

In 2018, real estate income grew to 210 million USD, representing 10.5% of GDP (2 billion USD).

2019 saw a peak, with 240 million USD in real estate income, comprising 11.4% of GDP (2.1 billion USD).

The 2020 decline in real estate income to 220 million USD, with GDP at 2.3 billion USD, reduced the share to 9.6%.

In 2021, real estate income rebounded to 260 million USD, or 10.8% of GDP (2.4 billion USD).

By 2022, real estate income was 280 million USD, constituting 11.2% of GDP (2.5 billion USD).

Real Estate Income (Million USD)

Property in Magusa (Famagusta) Near Healthcare Facilities

Magusa (Famagusta) has several reputable healthcare facilities, making it an attractive location for real estate investment. Property for sale in Magusa (Famagusta) near hospitals and clinics appeals to those who prioritize easy access to healthcare services.

Buying a home in Magusa (Famagusta) near these facilities provides convenience and peace of mind, especially for families and individuals with specific healthcare needs. The proximity to quality healthcare contributes to the appeal of the real estate market in Magusa (Famagusta), adding value to properties in the area.

Magusa (Famagusta) Real Estate for Retirement and Relocation

Magusa (Famagusta) is an attractive destination for retirees and those looking to relocate for a more relaxed lifestyle. The city's pleasant climate, beautiful scenery, and abundant amenities make it an ideal place for retirement. Property for sale in Magusa (Famagusta) for retirement often includes accessible designs and single-story homes, catering to older adults.

Buying a home in Magusa (Famagusta) for retirement or relocation offers a peaceful setting with a strong sense of community. This appeal to retirees and relocators contributes to the stability of the Magusa (Famagusta) real estate market.

Modernization and Real Estate in Magusa (Famagusta)

Magusa (Famagusta) is undergoing a period of modernization, with new developments and contemporary projects reshaping the city. The real estate market in Magusa (Famagusta) is benefiting from this trend, with new residential complexes and commercial spaces offering modern amenities.

Property for sale in Magusa (Famagusta) in these modern developments appeals to buyers seeking a contemporary lifestyle. The ongoing modernization signals a vibrant and evolving real estate market in Magusa (Famagusta), offering a range of options for buyers and investors.

High-Rise Developments in Magusa (Famagusta) Real Estate

High-rise developments are becoming more common in Magusa (Famagusta), adding a new dimension to its real estate market. These high-rise buildings offer a range of amenities, such as rooftop terraces, fitness centers, and concierge services. Property for sale in Magusa (Famagusta) in high-rise developments appeals to buyers seeking a modern and convenient lifestyle.

This trend toward vertical living reflects the city's growth and urbanization, contributing to the dynamism of the Magusa (Famagusta) real estate market. The presence of these high-rises enhances the city's skyline and provides a variety of residential options for buyers.