Undoubtfully Larnaca is the most attractive town of Cyprus investment wise.
The main reason is the low level property prices, together with the new investment projects which are in progress.
- 1. Dhekelia road, 90 million investment five star hotel project, at a blue flag beach area.
"It will bring billions of euros to the state and thousands of jobs will result from the project of the integrated development of the port and marina of Larnaca," estimates the company Kition Ocean Holdings Ltd.
The amendment to the Dogs Law promised by the government from its previous term has not been put up for public consultation, and has already sparked a storm of protests from citizens over the restriction it imposes on owning two dogs for ground floor owners and a dog for apartment owners.
The Contract concerning the project "Construction of protection projects of the Oroklini coastal front" was signed today, Tuesday, July 27, 2021, at the Ministry of Transport, Communications and Works. The Contract was signed, on behalf of the Government, by the Director of the Department of Public Works, Mr. Antonis Koutsoulis, and on behalf of the Company "C.KASINOS & SON LTD" by the General Manager, Ms. Costas Kasinos.
It took place on Friday, July 9, 2021, at 8.00 p.m. in the recently restored building of the Complex of Creativity and Culture (Former Larnaca Club), the presentation of the process of moving the oil and gas facilities from the coastal front of Larnaca to Vasiliko and the Regional Plan.
While uncertainties remain, the Cyprus property market will continue to strengthen, with once-neglected Larnaca appearing as the most attractive town for investments in real estate.
An industry survey carried out by Danos/BNPRE Group reveals that Larnaca will be at the forefront of the property market, seeing an overdue boom.
“Developers, real estate agents and property valuers all agree that Larnaca is the place to invest.
“The town has everything going for it, with more attractive prices, while infrastructure projects underway will definitely be breathing new life into the city,” said Danos/BNPRE Group CEO Panos Danos.
The survey revealed, almost four in ten real estate stakeholders believe Larnaca is the city with the better bargains for property development.