3-BEDROOM BUNGALOW WITH MODERN AND HIGH-CLASS STRUCTURE -MUTLUYA, Famagusta, Northern Cyprus

This 3 bedroom modern bungalow in Mutluyaka is the last one available at an excellent price. Mutluyaka is on the outskirts of Famagusta and is perfect for those that are looking to live in a traditional Cyprus village. This village is the perfect place to buy in with a lovely community, restaurants and local shops and only a 15 minute drive to the beach or to Famagusta town centre

Reference No: PW0019

Rental Potential:

Short term: 700 per week

Long term: 1000 per week

Payment Plan:

70% down payment

30% within one year with 0% interest rate.

The Region

Famagusta is a fascinating medieval walled city with oodles of charm and lots to explore

Thanks to its troubled history Famagusta is in fact two towns rolled into one. The ancient walled city of Famagusta is much as it was over five hundred years ago when Ottoman siege engines lay beyond its walls. Meanwhile the modern day town and port flourishes

Seven hundred years ago Famagusta was the richest city on earth; famed throughout the world for its mercantile magnificence. Famagusta's economy boomed under Venetian rule, fed by trade routes that spanned the globe from England to India. In fact, the city was so well known that Shakespeare chose it as the setting for his play Othello. Famagusta's new wealth spurred on a frenzy of medieval building, many of which can be seen today, including: the Cathedral of St Nicolas, numerous houses and the remains of the fortified citadel. However, jealous eyes viewed the city under its Venetian masters, and in 1571 the Ottomans invaded and laid siege to Famagusta. They bombarded it with cannon fire for months, but the strong walls and defensive towers (bastions) kept the invading army out. Eventually the citizens of Famagusta had to surrender or starve to death.

Famagusta soon slid into decline to become a remote 'backwater posting' that normally signaled the end of an official's career. Ironically this neglect preserved the city. Today the shell of the walled city survives; an impressive remnder of a colourful past.The old city is surrounded by one of the best preserved Venetian fortifications in the Eastern Mediterranean. There are plenty of medieval/renaissance buildings that can be visited. Unfortunately most of them were severely damaged during the Turkish siege of the city in 1571. Many cannon balls can still be seen in the fortification walls as well as in the walls of these buildings. Specially noteworthy are the Cathedral of St. Nicholas (converted to a mosque after the Ottoman conquest and re-named Lala Mustafa Pasa Mosque) and St. George of the Greeks church with its frescoes. There is plenty more to see if you stroll around the old town, where there is something of interest in almost every corner of the old town, which has been recently renovated and retains much of its historical appeal.