Limassol
Limassol is the second-largest city in Cyprus and is often considered the island’s informal capital due to its status as the cultural and business hub. It hosts an array of events every year, including theatre performances, cultural celebrations, gastronomic and wine festivals, exhibitions, and concerts, making it a vibrant and lively destination. Not surprisingly, it is one of the most popular spots for Russian tourists.
Real estate investments in Limassol are highly attractive. The city is continuously evolving, with constant infrastructure improvements and the development of new residential and office buildings. Investments in Limassol’s real estate have consistently been profitable, largely due to the concentration of elite schools, universities, and corporate offices in the city.
Limassol attracts some of the most ambitious projects in Cyprus. Over 350 million euros have been invested in Limassol Marina, and the construction of the City of Dreams Mediterranean is expected to draw investments of around 695 million euros. The demand for accommodation remains strong, with rental prices and property values consistently rising.
People from all over the world are choosing Limassol as their home, drawn by its high quality of life and excellent career opportunities. The city spans 20 kilometers along the coast, and nearly all areas are in high demand, making vacant apartments a rare find.
The Limassol Marina stands out as the largest infrastructure project in the city and a prime spot for real estate investment. This exclusive multifunctional complex is bustling with activity, featuring fashionable shops, boutiques, and restaurants. It also offers a cultural center, fitness halls, and spa salons, all available to both tourists and residents. The marina provides a private beach and docking facilities for yachts and boats, creating a “city within a city” that has transformed Limassol’s waterfront with some of the most impressive and elite properties in Cyprus.
The tourist area stretches 12 kilometers east from Limassol Marina along the coast. This prime location offers apartments that are ideal for year-round living, summer getaways, or rental investments. The most picturesque parts of this area are nestled at the foot of hills, providing stunning views of the sea and the city. This tranquil setting, combined with modern infrastructure, makes it perfect for permanent residence or long-term rentals.
Statistics show that Limassol leads other cities in Cyprus in terms of real estate price growth. This trend is driven by the city’s attractiveness to investors, spurred by the launch of large-scale projects in recent years. One notable project is the City of Dreams Mediterranean, an integrated casino resort that will create jobs, attract tourists, and further boost investment in the city.
