Acquiring property in Cyprus, either as an investment or as a second home, has always been a popular choice among foreign investors. A combination of high quality of life, year-round sunshine and natural beauty, ease of doing business and investment incentives offer investors an attractive experience in terms of both living and doing business.
Property sales have increased significantly in 2016, with the construction industry intensifying its activities island-wide. Cyprus continues to offer unique options for beautiful holiday homes and represents a popular destination for permanent residency and retirement.
At the same time, a wide range of prestigious Large-Scale Developments and Landmark projects are available, ranging from High Rise residential and commercial developments, to luxury tourist attractions, such as marinas, golf courses, tourist resorts and a casino resort.
Attracting foreign direct investment is at the heart of Cyprus’ development strategy, as it represents a key driver for economic growth, amidst today’s constantly changing international environment. In line with this policy, the Cyprus government has introduced two schemes for granting foreign investors Cypriot Citizenship and Immigration Permit to Cyprus.
Below you will find a number of these Large Scale Projects that are currently happening and some of which are already operating.
Project: Aristo Venus Rock Golf Resort
Location: Ha Potami, Kouklia Village (Paphos)
Description: Set to become one the largest golf resort in the South Eastern Mediterranean. With an estimated development of over €1 billion (excl. land), and a sales value of over €4 billion, the Venus Rock resort will feature and integrated resort which includes international 18-hole championship golf courses, premier residences, and commercial and leisure developments. Designed in an exclusive location, the Venus Rock Golf resort will become the island’s pinnacle of excellence.
Project: Del Mar
Location: Limassol Sea Front
Description: Del Mar is an ultra-high-end residential and commercial development on the coast line of Limassol, the most cosmopolitan city of Cyprus. Del Mar’s design, scale, location and facilities make it a unique ‘must own’ property for the affluent international and local population of Cyprus.
Project: Limni Bay
Location: Limni Area, Chrysochou Bay, in Polis, Paphos district, North West of Cyprus.
Description: Limni Bay will be a high quality sustainable, mixed-use resort destination, developed into two distinct but connected parcels of land, located in one of the most scenic and unspoiled areas of Cyprus. The site combines sea and semi-mountainous terrain with a beachfront of 750m and a 150m pier. The resort sits upon this picturesque, undulating landscape, extending 5km inland and rising up to 250m above sea level, providing exceptional panoramic views. World leading designers and brands are involved throughout the project, including Foster + Partners (architect), EDSA (master planners), Jack Nicklaus and Gary Player (golf course designers).
Project: Minthis Hills Resort
Description: Minthis Hills is a project that offers pure escapism and blends the restorative power of nature with the luxury of the 21st century living to create a way of life that’s constantly rejuvenating, always inspiring. The resort is designed by Woods & Bagot, leading international resort architects, together with the world known international architects, ATKINS who designed the masterplan. The houses are shaped to the natural contours of the hills to minimise building height, maximise views and preserve the beauty of landscape. The resort has a championship 18-hole golf course providing a unique experience to every golfer and together with all other facilities, hotel, restaurants, business centre, SPA, fitness centre with indoor heated pool, tennis courts, offers full leisure, recreation and relaxation to residents and visitors.
Project: ONE Tower
Description: The Tower is situated on the seafront of Limassol and is a mixed-use development with retail shops, restaurant, café, offices else well as luxurious apartments, duplexes and penthouses. The Boutique Tower is designed by the world known international architects, ATKINS who have designed so many recognizable projects all around the globe. The 36 storey tower has a unique design and layout and consisting of luxurious serviced residences as well as three basements with parking spaces for public use, 2 floors of Retail Area, 6 floors of Offices and 27 floors of Residential units, with two three and four bedroom apartments Duplexes and Penthouses with their own swimming pools. The Tower’s ingenious design ensures every residence enjoys optimal coastal view.
Project: Berengaria Hotel Spa
Location: Prodromos village at Troodos Mountains, Cyprus
Description: Hospitality & Tourism development for site located within Troodos mountain range, Limassol, Cyprus. A Business Development for a resort consisting of up to 1,050 rooms, suites and single ensuite studios. This is an Integrated Resort with a five-star Hotel (pending CTO approval), SPA, Health, Beauty and rehabilitation Centre, Athletic and Farms with organic agricultural plantations. Berangaria hotel resort is a hotel/spa/health/ski resort and offers affordable/high-end/luxury accommodation and associated amenities to local, regional, national and international tourists and travellers. For business travellers will offer a wide range of additional facilities such as conference and meeting rooms, exhibition space, including all the necessary conferencing equipment and security. The natural surroundings as well as the landscaped gardens ensure that our guests can enjoy the action/activity/adventure/entertainment/tranquillity they seek.
Project: Limassol Marina
Description: An exclusive waterfront development that is almost sold out and is combining elegant residences and a full service marina, with its own shopping and dining area in the heart of Limassol.
Project: Macronissos Ayia Napa Marina
Location: Ayia Napa, Famagusta district
Description: Situated on the southeastern coast of Cyprus among incredibly beautiful beaches, Ayia Napa Marina is the new premier yachting destination and an ideal social and meeting point. Easily accessible from the island’s major highways and just 30 minutes’ drive from Larnaca International Airport, Ayia Napa Marina offers everything one needs to relax; luxury residences, state-of-the art berthing facilities, high level of service, a scenic waterfront, fine dining and shopping, security, a clean and eco-friendly environment, all in a distinctly modern yet sophisticated setting.
Project: The Oval
Description: The Ovals is an iconic new building on the Limassol skyline, with uninterrupted views across the Mediterranean, setting new standards in workspace design.
It is a new, visionary business headquarters located in Limassol, the most cosmopolitan city in Cyprus. It is a landmark development designed by internationally acclaimed architects Atkins.
Project: Lord Byron Towers
Location: Nicosia Center
Description: Planning and design of the building has been entrusted to the skills of Scott Browning, a London-based consultancy with broad experience in high rise developments. Their primary concern was to create a landmark iconic building whose size, luxury and aesthetics will provide a unique landmark office development. Flexibility to the end user as well as high-tech innovative building efficiency, introducing latest-day sustainable technology and life-cycle-costing for energy conservation and low operating and maintenance cost, greenery and provision of recreational outlets were also prime concerns. Comprised of two ‘soft’ interconnected towers positioned in an open landscaped plaza that will go to the highest permitted heights, which are now 100m and 90m tall, to give identity better natural lighting, ventilation, sound insulation to higher floors and to provide maximum space planning flexibility for either open plan or cellular configurations. Designed for office and commercial development and currently the largest commercial office development in Cyprus.