Property sales in the Larnaca district nearly reached €3 billion in value over the past five years, a report from independent real estate asset management and advisory firm WiRE has shown.
Important projects, which will upgrade the quality of life of the residents and will give new life to several areas of Larnaca, are planned within 2022 by the municipality of the city that is preparing to bid. These are co-financed projects, for which funds will be raised from the EU Structural Funds.
The dismantling of the oil, gas and asphalt installations from the Larnaca coastal front is expected to be completed within two months.
The Minister of Transport, Communications and Works, Giannis Karousos, expressed satisfaction with the implementation process of the largest development project of the Republic of Cyprus, who was briefed today on the final General Spatial Plan for the Port and Marina of Larnaca. The project is part of the Strategic Planning for the Development of the Port and Marina in Larnaca, and is expected to be completed in four phases.