Investment in Larnaca
Our company can assist you in making an investment in Larnaca, whether you want to expand your estate, plan for retirement, or boost your income. We can guide you towards the most promising opportunities to optimize your investment's potential. Investors with busy schedules who prefer a fully hands-off approach can take advantage of our expert Curation Services. With our extensive network of associates we can guide you through every step of the process, from market research to property selection and interior design, all the way to the smallest details.
Larnaca is one of the oldest cities in Cyprus, and it is located on the southern coast of the island. Here are a few reasons why investing in a property in Larnaca could be a wise decision:
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Growing Economy: Cyprus has a growing economy, and Larnaca is a major contributor to it. The city has a thriving tourism industry, and there are several international companies setting up their operations in the region. This means that there is a growing demand for housing in the city, which is driving property prices up.
Affordable Prices: Despite the growing demand for housing in Larnaca, property prices are still relatively affordable when compared to other cities in Europe. This makes Larnaca an attractive destination for both investors and home buyers.
Easy Access: Larnaca has a well-developed transport infrastructure, with an international airport and a port that connects the city to other parts of Cyprus and the world. This makes it easy for people to travel to and from the city, which is another factor that makes it an attractive investment destination.
Beautiful Location: Larnaca is located on the southern coast of Cyprus, and it is known for its beautiful beaches and stunning landscapes. The city has a Mediterranean climate, which means that the weather is warm and sunny for most of the year. This makes Larnaca a popular tourist destination, which in turn, makes it an attractive location for property investment.
Cultural Attractions: Larnaca has a rich history and culture, and there are several attractions in the city that reflect this. These include historical landmarks, museums, and galleries. This means that there is always something to do in the city, which is another reason why it is a popular tourist destination.
There are several reasons why it could be a good time to
invest in buying a property in Larnaca
" Larnaca is currently undergoing major development projects that aim to boost tourism, business, and residential development. Two of the most significant projects under development are the Larnaca marina and the Land of Tomorrow "
Expected to cost €1.2 billion, the Larnaca Marina project aims to establish a cutting-edge marina that will draw a substantial number of tourists and investors to the city, generating a significant impact on the local economy. The project is projected to contribute €120 million annually to the economy and attract over 300,000 visitors to the city each year. Additionally, the project is expected to have a favorable effect on property prices in the region, with numerous investors and homebuyers attracted to the new development.
Not just a thrilling advancement for Larnaca, the new marina project holds great promise for all of Cyprus, elevating the nation's standing as a prime maritime tourism spot and offering a considerable boost to the local economy. With its magnificent location, top-notch amenities, and opulent facilities, the Larnaca Marina project is poised to become a preferred destination for both sailors and tourists.
The Petrolina Group has revealed its plans for an ambitious project known as "Larnaca Land of Tomorrow," which is one of the most extensive private developments ever undertaken in Cyprus. Covering an area of 400,000 square meters, the project aims to transform Larnaca into an attractive hub for tourism, business, and residential development. The project will be located in the former site of oil and gas facilities and bears the signature of Foster + Partners, a prestigious global architecture firm, showcasing the scale and significance of the planned development, working alongside UDS Architects and Delfi Partners & Co. The project will focus on sustainable development and public access to the 2.5 km coastal front, without the construction of tall buildings. According to Ben Scott, Foster + Partners' Senior Partner, the project's completion will create 8,000 jobs and 8,000 new homes, with 20,000 trees planted, a museum, pedestrian streets, bicycle paths, shops, offices, and dining areas. The project is inspired by Larnaca's rich history and aims to create a new, sustainable, mixed-use coastal development, serving as a catalyst for further revitalization of the city and its surrounding areas.