WPCS 2.1.9
Property in Northern Cyprus
Girne, Özyalçin 192, office number 4
+90 548 875 04 90
+443 300 27-00-75
+972 3 375 1991
+48 666 655 132
+7 495 145 32 12

Famagusta: the center of student life

03.09.2024

Famagusta is one of the most picturesque and historically significant areas of Northern Cyprus. There are ancient ruins and modern universities, luxurious villas and cozy restaurants, picturesque beaches and a rich history dating back centuries. This region, located on the east coast of the island, is one of the key centers of culture, education and investment throughout Cyprus. In this article, we will take a detailed look at all aspects of life in Famagusta, from its location and history to the analysis of the real estate market and investment opportunities.

Location

Famagusta is located on the eastern coast of Northern Cyprus, washed by the warm waters of the Mediterranean Sea. Due to its unique geographical location, this region combines several advantages at once: a mild climate with warm summers and moderately warm winters, stunning views of the sea and mountain ranges, as well as a convenient location relative to other key cities of the island. Famagusta is located just 60 kilometers from Nicosia, the capital of Northern Cyprus, which attracts all those who prefer to live in a quiet and picturesque area, but at the same time have the opportunity to quickly get to business and administrative centers. In addition, the proximity of Ercan International Airport, located 50 kilometers from Famagusta, provides convenient transport links to most major cities in Europe and Asia. Famagusta is highlighted in red on the map.

History of the Region

Famagusta is a city whose history goes back thousands of years. Its past is closely connected with the ancient city of Salamis, which was founded around the 11th century BC. In the Middle Ages, Famagusta acquired special importance as one of the largest ports in the Mediterranean. It was then that the city reached its heyday, becoming an important hub on trade routes between Europe and the East.

Famagusta at that time was a prosperous and wealthy city, where merchants, artisans and nobles from different parts of the world lived. The influence of Italian, French and Byzantine architecture can still be seen today in the ancient churches and cathedrals, fortress walls and towers that still surround the old city. However, in the 16th century, after the capture of the island by the Ottoman Empire, Famagusta began to lose its importance. The city has become smaller and its population has decreased. Despite this, Famagusta has remained an important cultural center and has preserved many architectural monuments.

Culture of the region

One of the features of the region is its rich cultural heritage. Numerous museums and galleries, such as the Icon Museum at St. Barnabas Monastery, house unique collections of art and artifacts telling about the region’s past. Founded in honor of the Apostle Barnabas, one of the founders of the Church of Cyprus, this monastery is a significant cultural and spiritual center. It is believed that the remains of Barnabas were discovered here in the IV century, which gave a special sanctity to this place. Although the monastery is no longer in operation, its territory has been turned into an archaeological museum, where finds revealing the rich history of Cyprus are kept. The architecture of the monastery reflects many eras and styles, from Byzantine to Roman. Its simple but imposing structure includes a basilica, several chapels and a crypt where the Apostle Barnabas was originally buried. The monastery is famous for its ancient frescoes and icons made in the Franco-Byzantine style, as well as a collection of ancient artifacts on display in its museum. The Icon Museum, located in the monastery, offers a unique collection of Byzantine icons, many of which were painted more than a thousand years ago. This place not only attracts pilgrims, but is also becoming increasingly popular among tourists interested in the history and culture of the region.

In addition, all tourists are recommended to visit the old town of Famagusta. This is a real pearl of the Mediterranean region. Its powerful fortress walls and towers, built by the Venetians in the 14th and 15th centuries, are still preserved and attract the eyes of tourists. Here you can stroll through the narrow streets, visit ancient churches and mosques, and enjoy the views of the surrounding area. One of the main attractions of the old town is the Cathedral of St. Nicholas, which was built in the Gothic style and is one of the most important architectural monuments of the region.

The ancient city of Salamis, located just a few kilometers from Famagusta, is another important historical site. This ancient city was founded over 3,000 years ago and was one of the largest and most influential cities in all of Cyprus. Today, you can see the ruins of ancient temples, amphitheaters, basilicas and baths, which tell about the great past of this city.

Life in Famagusta

Famagusta is a city that harmoniously combines the tranquility of the Mediterranean coast and an active cultural life. Life here is characterized by regularity and comfort, and a variety of entertainment opportunities allows everyone to find something to their liking. There are many beaches, beach clubs, restaurants, cafes and shops in the city and the surrounding area where you can enjoy fresh seafood, as well as traditional Cypriot dishes.

Called by many the best place to relax in Famagusta is Glapsides Beach (pictured), known for its clean sandy beach and clear water. This beach is ideal for families with young children due to the gentle entry into the water. Glapsides Beach is also a great place for picnics and barbecues. Another popular place to relax is Palm Beach, where you can not only swim and sunbathe, but also enjoy a variety of water sports.

Famagusta also offers many opportunities for outdoor activities. In the area you will find several sports complexes, such as Fit Plus Premier Fitness & Gym, where you can practice various sports, from tennis and football to gymnastics and swimming. For nature lovers and hikers, there are numerous routes that run through the picturesque landscapes of the coast.

Famagusta is also famous for its gastronomic diversity. There are many restaurants in and around the city offering Cypriot, Greek, Turkish and international cuisine. One of the most famous restaurants in Famagusta is Aspava Restaurant & Bar, which has been delighting its guests with delicious dishes of fresh seafood, meat delicacies and traditional Cypriot mezes for many years. This restaurant is known for its hospitality and high quality service. Petek Pastahanesi is another popular place where you can enjoy not only delicious food, but also a great atmosphere. Petek Pastahanesi is widely known for its desserts, pies and pastries.

Famagusta is also the educational center of the northern part of the island. It is home to the Eastern Mediterranean University (EMU), one of the largest and most prestigious universities in the region. Founded in 1979, this university has become known for its high standards of education. It offers more than 100 bachelor’s and master’s degree programs, including such areas as engineering, management, medicine, art and many others. EMU attracts students not only from Turkey and Cyprus, but also from Europe, Asia, Africa and other regions. The University offers modern educational programs accredited by international organizations, as well as provides excellent opportunities for research and internships. EMU students also have access to numerous libraries, sports complexes and dormitories, which makes their studies comfortable and exciting.

There are also many educational institutions in Famagusta for schoolchildren, both public and private, which offer high-level education using modern techniques and technologies. One of the most famous educational institutions is the Eastern Mediterranean University English Preparatory School, which is famous for its academic success and a variety of extracurricular programs. This school provides students with the opportunity to receive a quality education with an emphasis on developing creative and analytical skills.

Famagusta is an ideal place for students, young people with big ambitions and families looking for a harmonious combination of an active lifestyle and the tranquility of a coastal city. Due to the presence of prestigious universities, diverse opportunities for outdoor activities, as well as developed infrastructure, this region is especially attractive for those who truly appreciate the balance between study, work and a good rest.

The real estate market

Among other things, this area stands out as one of the most promising regions for real estate investments on the island. Many foreigners choose Famagusta to purchase housing, whether for living, recreation or for renting. The main buyers of real estate here are citizens of Europe, Russia, the Middle East and Turkey.

The real estate market in Famagusta offers a wide range of properties, from cozy apartments and modern townhouses to luxury villas. The average cost of housing in this region depends on the location, type and comfort. For example, the price of a simple apartment starts at £49,000 for a small studio and can easily go up to £200,000 for very spacious apartments with all amenities.

Prices for villas that are located in prestigious areas start from £250,000 and reach £900,000. At the same time, buying a villa in Famagusta can be a profitable investment, as real estate in this region is steadily increasing in price.

And if you want to learn more about the real estate market in Famagusta, then we invite you to visit our website.

£ 49 000
STUDIO Famagusta RESALE
31
Studio
1
£ 175 000
2 ROOM TERRACE GOLDEN RESIDENCE
125
>1000
2
2

The investment market

The growth of tourist flow in Famagusta in recent years has exceeded all expectations: according to data for 2023 and 2024, the number of tourists has increased by more than 20% compared to previous periods. This not only strengthened the region’s economy, but also created additional incentives for the growth of the real estate market. This trend is expected to continue in the future.

In addition, Famagusta demonstrates a steady increase in real estate prices: since 2020, the annual increase in the cost of housing is 10-15%, which makes investments in this region extremely attractive. Investing in real estate here not only guarantees a stable rental income, but also allows you to significantly increase your capital in the future.

The process of investing in real estate in Famagusta includes several important stages:

  1. Definition of investment objectives. It is important to understand what exactly you want to get from your investments – stable rental income, capital gains or the use of real estate for personal needs;
  2. Choosing the right facility based on your budget and expectations. Depending on the investment objectives, various types of real estate may be suitable for you, from small apartments to large commercial properties;
  3. Risk and profitability assessment. Conducting a market analysis, assessing potential rental income and capital gains, as well as taking into account all possible risks are important steps that will help you make an informed decision;
  4. Conclusion of the transaction and execution of all necessary documents. This stage includes legal verification of the object, registration of the purchase and sale agreement and obtaining ownership rights.

Conclusion

Famagusta is a place where history and modernity, culture and development, tranquility and active life meet. This region attracts with its unique combination of all the factors necessary for a comfortable life: from high-quality education and developed infrastructure to a rich cultural heritage and a promising real estate market. Whether you are looking for a new place to live permanently, considering investments, or just want to learn more about Northern Cyprus, Famagusta deserves your attention.

Contacts

+90 548 875 04 90
+443 300 27-00-75
+371 670 79-414
+7 701 006-56-63
+7 495 145 32 12
+1 251 901 3885
+972 3 375 1991
+48 666 655 132
Girne, Özyalçin 192, office number 4
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