Famagusta
Famagusta
Properties:
Famagusta
City Centre
Famagusta
(Mağusa) is located in the eastern part of the island. Spanning from Varosha
(Maraş) in the south to Bafra Tourism Centre in the north Famagusta encompasses
the historical Venetian Old Town together with Famagusta Bay.
Running
parallel to the coast, Famagusta centre has a very popular shopping
avenue, Salamis Caddesi, with shopping centres, popular restaurants, bars, and
leisure centres primarily frequented by the local and international
students. Downtown Famagusta is home to the Eastern Mediterranean
University which is the largest and most populous university in North
Cyprus. At its peak, it has a student population of approximately 25,000
pupils with a great majority being international students from many different
countries. With its high numbers of international students, city
centre properties in Famagusta are always in high demand with very high
occupancy and return on investment rates, booming with high demand in long-term
rentals. Flats in this region have high rates of occupancy and rental return as
the demand for rentals is very high and the supply of flats is limited with
some dormitories offering hotel-like stays for a higher budget, the
privately-owned flats can be a very good investment for rental returns.
Old-Town Famagusta
Old-Town
Famagusta is home for historical landmarks where the touristic entertainment is
integrated into the old-town Famagusta’s traditional shopping bazaars and
historic buildings
Othello Castle is located at the entrance of old town
Famagusta, where William Shakespeare wrote the famous Othello play, it is lit
with special effects at night time and receives high interest and visits by
literature lovers during daytime
Old town bazaar has traditional jewellery stores,
restaurants that serve international and local cuisine
Some of the historic monasteries and churches have been
turned into bars with cosy atmospheres that has live music on summer nights
Many yellow
stone buildings have also been turned into traditional restaurants that serve
maze and kebabs
Old-Town Famagusta is also home to Saint Nicholas
Cathedral later turned into Lala Mustafa Pasha Mosque and Namik Kemal Dungeon
closely located from each other
Some famous patisseries like Petek and Ekor have been
satisfying the sweet-tooth cravings of many for decades on the same alleyway
Tourists provide a very good income during touristic
season from April to October for the local shops and diners
Salamis Ruins
Bedis beach
in Salamis is a sandy beach with crystal clear waters and is popular amongst
Scandinavians and Russians for beach holidays
The award-winning Salamis Bay Conti Resort Hotel offers a
luxurious destination for fun in the sun. Located right on the beach with
endless golden sands and turquoise waters, the resort also has a spa, water
park and superb dining
Salamis ruins the Ancient Roman City has The Gymnasium
with impressive natural stone columns and the Roman Theatre with natural
acoustics where many concerts are held place today
Varosha (Ghost Town)
Varosha is a famous resort town that had
been abandoned during the inter-communal struggles of
1974. However recently in 2020 and 2021 the Varosha beach and certain
parts of the town had been reopened to the public. Since
its abandonment in 1974, the once glamorous city had
been neglected with many of its buildings turning into ruin, hence
infamously being nick-named 'The Ghost Town’. Being in Varosha is like
being in a Hollywood movie set as time seems to have been frozen for almost
half a century. Today many tourists visit the town with access to its
beautiful white sand beach with biking trails, walking paths etc.
On the northern edge of the Ghost town lies the popular Palm Beach
Hotel with its 5-star casino hotel with calm beaches
allowing panoramic views of Varosha and its beaches.
Article written with thanks by:
Avertiss Real Estate
For more
information about Famagusta, it’s lifestyle properties and investment
alternatives, please don’t hesitate to contact us at [email protected]