Prospective Growth of Larnaca Property Prices
Larnaca has seen an impressive property growth in the past 3 years caused by the Paphos region as it was about 20% more expensive which lead potential buyers to the Larnaca region of Cyprus. Having a small recreational marina and the new Tersefanou PGA golf course that will open in 2010, Larnaca investment property attracts buyers from all over the world.
Larnaca has stable and substantial market
Larnaca town with its stable and substantial market and a 120,000 population has a great demand for all products and services and is not influenced by the tourist trade as Paphos, Ayia Napa and Protaras.
Solid Basis for Investment Return
The demand for Larnaca investment property is constantly increasing due to its international airport, good international schools and many stores to satisfy the increasing requirements of the cosmopolitan cliental.
Main Investment Property Locations in Larnaca
1. Pervolia
Pervolia is situated ten minutes away from the airport on the beach with a wide variety of apartments, houses, villas, townhouses and maisonettes to consider.
2. Zygi
Being a small fishing village in the past, now this place is a great investment for property buyer.
3. Area between Zygi and Pervoli
The coast road Zygi - Pervolia has great investment potential: panoramic sea views, walking distance to the beach, close to all amenities and a good variety of properties that fits needs of each customer.
4. Dhekelia Road
The Dhekelia road extends from the town till the British Bases at Dhekelia garrison. The entire area has sea views being on the coastline and it is in great demand due to the investment tourist weekly rentals. You may find villas and houses for sale due the cost of land in Dhekelia, though maisonettes and apartments seem to be a good investment option as well.
5. Tersefanou Golf Course
Properties on the golf course are the main focus for many investors and this place has a wide selection of villas, houses, apartments and townhouses, either on the golf course in Tersefanou or in villages next to the course.
The €300 million Tersefanou resort consists of:
- 285 of two, three and four bedroom villas;
- 211 of one, two and three bedroom apartments;
- 40 of ‘hotel-style' suites in the complex;
Later there will be build a clubhouse, spa facilities and a village square.
6. Larnaca Marina
The present marina has capacity for 450 boats and it will be upgraded to 1,000. As a result the area on the beach front next to marina may become potential Larnaca investment property.
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