The City’s Demographics

Nicosia is found in the center of Cyprus. This city is known as Cyprus’ capital and is considered as the biggest city in the country. Moreover, it performs as an individual administrative capital for the district of Nicosia. The city’s municipality governs simply the central portion. However, the city, at present, extends for a number of kilometers as well as the fact that it has surrounded its settlements and villages.

Aside from this, it has an approximate population of about 250,000 which is considered to contain one-third of Cyprus’ entire population. Nevertheless, Nicosia represents more than that. It is also the financial and administrative hub of this island and is home to various colleges, universities, and several education establishments.

In addition to that, Nicosia also hosts nearly all offshore companies, which is known to be a large industry in the whole of Cyprus, as well as the majority of foreign embassies. Together with the city’s foreign workers and international studies, it has established an authentic cosmopolitan fee.

A History of Nicosia’s Division

After a history of community violence in the year 1960’s, the city capital has been divided between the Turkish Cypriot and Greek Cypriot communities, the latter located south and the former in the north. In 1974, there has been an attempt to unite both islands.

However, this has caused further division of the capital. The Turkish Cypriots has claimed the northern portion as their state’s capital and is now called by community as the Turkish Republic of Northern Cyprus (TRNC). On April 3, 2008, to serve as an endeavor to reunite the island of Cyprus, the symbolic wall that has been separating the 2 communities is now opened along Ledra Street.

At present, Nicosia is famously known as the world’s only remaining divided capital. Its guard towers and barbed wires on Green Line split the town into two separate entities. The northern portion is considered to be the self-declared capital of Northern Cyprus which the southern portion stands Republic of Cyprus’ capital.

A Tour around the City

With Politics set aside, the city of Nicosia holds quite some archeological prized troves as well as beaches. It also has a lively nightlife which brings numerous tourists to Cyprus. However, the region’s Old City together with its majestic churches and historical museums are beautiful places to visit for its preservation of the area due to a comparatively reduced amount of tourists. With this, Nicosia further upholds Cyprus authentic air compared to the resorts located in the south coast.

In addition to this, wonderful small cafes warmly invite one for a taste of the Cypriot coffee. And by walking around this beautiful city, one would see the numerous woodworking shops located deep within Nicosia. For a little added adventure, by taking a walk along the historical Green Line, this is the border that divides the region between the South and the North. More so, with the city being the administrative and financial center of Cyprus, it is considered an excellent place for people who love and adore shopping.

In the heart of Nicosia city, just within the Venetian walls that dates way back in the sixteenth century, consists of several interesting and historical art galleries and museums. It also has majestic Byzantine churches as well as several neo-classical and medieval buildings.  The city’s narrow streets serve as a nonchalant reminder of the romantic ambience of the olden days. The beauty and charm of the Nicosia city is mostly felt and found within the Old City for its still holds the ancient labyrinthine alleyways as well as the elegant courtyard houses. Located outside its walls, one would see the new city containing Nicosia’s modern facilities. It is also the cosmopolitan center of the contemporary European capital.

In addition to this, Nicosia also has a wide selection of wonderful tourist attractions and charms. The Municipal Arts Center, the Museum of the History of the Cypriot Coinage and the Lefkosia Jewellery Museum are worth the visit. Another excellent attraction to go to is the Cyprus Museum houses. They are considered as Cyprus’ most significant Cypriot collection of treasures and antiquities beginning from the era of Neolithic Age up to times of the Romans.

The contemporary Nicosia provides the people every great facility one would expect such as excellent restaurants, hotels, shops and nightclubs. In Platres as well as the neighboring villages, one would experience a relaxing and exciting beach holiday in contrast to the conventional one.

These beautiful villages are located high above the mountain range of Troodoos which is popular for its invigorating and cool mountain breeze, magnificent pine, oak and cedar forests, mineral springs, lavender, and orchids. The places is perfect for horse riding and walking, while its festivals during August offers crafts, arts, folk dancing and singing offers its tourist with fascinating entertainment.

Investment Potential in Nicosia

At present, Nicosia has established a zealous property market both in the residential and commercial sector. It also provides several fine investment opportunities for people who would like to purchase Cyprus properties.

With the city’s perennial rental market instead of the seasonal one, the property market of Nicosia contrasts from the various tourist cities located on the Cyprus Island. As for Nicosia’s commercial property market, it is considered highly competitive. It also attracts great profit margins. Moreover, its property prices also have been going on the rise consistently and steadily. This is due to the fact that the land is now gradually becoming scarce, resulting to an increase in the property price increase.

In addition, the city also employs a vast number of foreign workers for the numerous international companies that are based in Nicosia at present. The preponderance of these foreign labors comprises of immigrants searching for a much improved working surrounding and conditions as well as a better life quality.

Moreover, Nicosia also draws private workforce coming from the different towns located in island for in Cyprus, most of the government institutions as well as the majority of private companies are based right in Nicosia. With this, the city’s workforce has been growing and is now requiring increasing number of good quality house close by their work area.

Furthermore, the University of Cyprus together with the other big colleges is also located in Nicosia. Both local and foreign investment has made an important role in forming the demand of the property market in Nicosia. With this, the city’s capital has been invested on aggressively every year.