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The first major deal of 2023 has been completed in the Cyprus real estate sector. The territory and buildings of the former SODAP winery in the western part of Limassol have become the property of the international consortium. The new owner intends to create a block of office buildings that will house companies in the field of IT, research, and innovation.
In addition to private projects for the construction of housing, office buildings, shopping centers, and hotels in Limassol, the preparation of development plans, tenders, or the implementation of projects overseen by the municipal authorities continues. Their goal is to make the city more convenient and interesting to live in.It will help not to bring the matter during heavy rains to floods, from which the Old City has been suffering for years.
If you decide to move to Cyprus, then choosing a decent home can be a serious issue, for the solution of which you need to thoroughly prepare. We have put together a short guide covering the key points to consider.
The cold months are no excuse to let up on pool maintenance.
New realities on Cyprus real estates market
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Magnificent ecology, the sea and the sun are constant factors in the growth of real estate prices in Cyprus. This market is constantly growing, thanks to which the capital invested in housing is also constantly increasing. It is also necessary to take into account the fact that there is less and less land for development on the island. Accordingly, there are no objective reasons for a decrease in demand.
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