719m² Land in Nicosia, Cyprus No. 75305

719m² Land in Nicosia, Cyprus No. 75305
ID75305 $ 2 935 499
75305

Property description

Located in the heart of the city, this plot includes an old house that offers incredible potential for redevelopment. With the possibility to demolish and build a high-rise building, this property benefits from a 250% building factor, allowing for substantial expansion. Perfect for investors or developers looking to capitalize on a prime location with limitless potential.

Reference number: 9602
Land type: Plot
Plot area: 719 m2
Plot Type: Residential
Square meter price: €3.964 /m2:
Nicosia - Statistics
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ParametersNicosia
Rent Per Month
Apartment (1 bedroom) in City Centre$ 672.91
Apartment (1 bedroom) Outside of Centre$ 553.51
Apartment (3 bedrooms) in City Centre$ 1 314.78
Apartment (3 bedrooms) Outside of Centre$ 1 052.59
Buy Apartment Price
Price per Square Meter to Buy Apartment in City Centre$ 2 661.47
Price per Square Meter to Buy Apartment Outside of Centre$ 1 954.31
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ParametersNicosia
Crime Index30.96
Cost of Living and Rent Index33.97
Purchasing Power Index84.27
Property Price to Income Ratio7.62
Safety Index69.04
Traffic CO₂ Index4596.94
Traffic Inefficiency Index117.15
Rent Index17.37
Health Care Index56.55
Groceries Index45.18
Pollution Index59.30
Traffic Commute Time Index24.38
Restaurant Price Index45.20
Climate Index86.01
Cost of Living Index47.05
Quality of Life Index155.48
Traffic Index107.94
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ParametersNicosia
Restaurants
Meal, Inexpensive Restaurant$ 11.31
Meal for 2 People, Mid-range Restaurant, Three-course$ 61.72
McMeal at McDonalds (or Equivalent Combo Meal)$ 7.59
Domestic Beer (0.5 liter draught)$ 4.11
Imported Beer (0.33 liter bottle)$ 5.14
Coke/Pepsi (0.33 liter bottle)$ 1.40
Water (0.33 liter bottle) $ 0.66
Cappuccino (regular)$ 3.37
Markets
Milk (regular), (1 liter)$ 1.80
Loaf of Fresh White Bread (500g)$ 1.70
Eggs (regular) (12)$ 3.70
Local Cheese (1kg)$ 11.43
Water (1.5 liter bottle)$ 0.88
Bottle of Wine (Mid-Range)$ 8.23
Domestic Beer (0.5 liter bottle)$ 1.70
Imported Beer (0.33 liter bottle)$ 2.82
Cigarettes 20 Pack (Marlboro)$ 5.14
Apples (1kg)$ 2.61
Chicken Fillets (1kg)$ 8.40
Oranges (1kg)$ 1.75
Potato (1kg)$ 1.18
Lettuce (1 head)$ 0.62
Rice (white), (1kg)$ 2.52
Tomato (1kg)$ 2.78
Banana (1kg)$ 1.85
Onion (1kg)$ 1.26
Beef Round (1kg) (or Equivalent Back Leg Red Meat)$ 11.79
Transportation
One-way Ticket (Local Transport)$ 2.47
Monthly Pass (Regular Price)$ 51.43
Gasoline (1 liter)$ 1.43
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)$ 26 743.25
Taxi Start (Normal Tariff)$ 4.37
Taxi 1km (Normal Tariff)$ 1.54
Taxi 1hour Waiting (Normal Tariff)$ 51.43
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)$ 27 987.84
Utilities (Monthly)
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment$ 187.12
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)$ 28.56
$ 20.89
Salaries And Financing
Average Monthly Net Salary (After Tax)$ 1 515.30
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate4.53
Sports And Leisure
Fitness Club, Monthly Fee for 1 Adult$ 64.72
Tennis Court Rent (1 Hour on Weekend)$ 29.14
Cinema, International Release, 1 Seat$ 10.29
Clothing And Shoes
1 Pair of Jeans (Levis 501 Or Similar)$ 80.57
1 Summer Dress in a Chain Store (Zara, H&M, ...)$ 44.08
1 Pair of Nike Running Shoes (Mid-Range)$ 75.50
1 Pair of Men Leather Business Shoes$ 100.93
Childcare
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child$ 410.29
International Primary School, Yearly for 1 Child$ 6 826.09
Data are provided by Numbeo.com and are based on its users survey. Emirates.estate can not guarantee the validity of these data.
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CityNicosia
TypeLand
Living space719 m²
  • sq. ft
Price
  • Price
  • per m²
$ 2 935 499