Construction & Real Estate Development
With each passing year, more and more local and foreign companies choose Limassol as their headquarters, thus inevitably boosting the real estate sector.
Significant land development projects are undertaken and impressive buildings are being constructed along the coastal front of Limassol, aiming to meet the needs created by this growth.
These modern high-rise buildings with avant-garde architecture are ideally divided into apartments or offices suited for all types of businesses.
Cyprus’ first integrated casino resort is expected to be up and running in January 2021.Situated in the area of Fasouri, west of Limassol, the project totalling €500m will feature a gaming area, restaurants, event venues, MICE facilities etc., as well as a five-star hotel with luxurious villas and 500 hotel rooms.
One of the biggest challenges to be addressed by the Limassol Municipality is the reincorporation of the area between the Limassol Marina and the New Port into the urban fabric. This area, also known as the “old industrial area” offers excellent prospects for commercial, residential and tourism development. The comprehensive restructuring of the area planned will create favourable conditions for great investment opportunities.