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Why invest in Larnaca, Cyprus |
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We believe that Cyprus offers advantages that other destinations cannot offer, making it one of the best areas in the world to buy a villa, apartment or investment property. The benefits include: Buying property in a country which has just gained EU membership Cyprus has a strong and stable currency Properties for sale in Cyprus can be rented out There is a well developed and growing tourist industry Cyprus has a healthy stable property market Flights are readily available from the UK and Ireland
Larnaca, our main area of interest is located in a strategic position in the island. Its residents benefit from Larnaca International Airport. Also, consider Larnaca’s close proximity to the remaining cities in Cyprus. Nicosia is only a 20-minute drive away and reaching Limmasol takes just 30 minutes driving time. The recent changes in the city render Larnaca a very attractive destination to invest on property. Some of these changes are listed below: Expansion of the Larnaca marina: The takeover of the yacht marina by a private company (from the Cyprus government), which plans to invest heavily in the marina’s expansion, will result in a sharp boost in property value in Larnaca. Closure of the Refinery: In addition, the closure of the refinery along the Larnaca-Dhekelia Road in May 2004, which has been the primary reason as to why the value of Larnaca’s property as not reached the peaks of the other Cyprus towns, will also shoot property value even higher. Entry of Cyprus into the European Union and the resolution of the long standing Cyprus Problem are further indicators of the worth added to property. Property prices are expected to rise much higher.
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