Limassol: The Crown Jewel of Cyprus Real Estate Investments As the financial and business center of Cyprus, Limassol is experiencing significant growth in high-class residential and commercial real estate. Adorned with scenic beaches and modern infrastructure, it draws investors to its business zones. Sunny Bay’s leading experts note areas like the Historical Center, Neapolis, and Agios Tychonas as investment hotspots, offering everything from renovation-ready homes to exclusive penthouses.
However, Zakaki and the area around the new luxury five-star City of Dreams casino and hotel have emerged as Limassol’s new promising development centers. Over 30 large-scale projects, including block developments, cafes, shops, and restaurants, are set to shift the hub of activity from the old center within the next 3-5 years. Sunny Bay is deeply involved in existing projects, collaborates with development companies, and has insights into the launch of new projects in this location.
Paphos: A Seaside Haven for Investors Paphos is more than just a Mediterranean gem; it’s an investor’s paradise for luxury seaside living and golf course proximity. Sunny Bay experts highlight Kato Paphos and Universal as the most attractive investment areas due to their high-quality real estate and rental potential.
Larnaca: Strategic Investments Near the Airport Situated around the main airport and transit port, Larnaca is a key investment region. Areas like Kato Larnaca and McKenzie, close to tourist attractions, are marked as promising for investments. With low initial costs and high interest from Israeli buyers, Larnaca has become a dynamic investment trend in 2023. A list of investment properties is available upon registration on Sunny Bay’s website.
Nicosia: Student Demand and Sustainable Investments As Cyprus’s capital, Nicosia attracts investments due to the high demand for housing from students. Sunny Bay specialists recommend focusing on budget-friendly apartments, considering the city’s university density.
Ayia Napa and Protaras: Developing Tourist Areas These actively developing areas offer significant investment opportunities in tourist real estate, especially villas. Sunny Bay emphasizes the high demand during peak tourist seasons.
At Sunny Bay, we analyze Cyprus’s real estate market, offering our clients current data and expert consultations to optimize their investments. Learn more about the investment potential in each of these regions in our report “High-Yield Real Estate Types in Cyprus 2023.”
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