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"Over the last three years demand for property has
increased by an average of 15% to 20% per annum."
[FT World Report]
This is expected to continue for the foreseeable
future, with increasing demand from, among others,
the new affluent Russians, Greek Cypriots living
abroad and the large growing British ex-pat community
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Probably the fastest growing
tourist area on Cyprus, the Famagusta peninsula
is home to Ayia Napa, Paralimni, Protaras
and Fig Tree Bay. Named after the most popular
destination which truly was the jewel in the
crown but which is now deserted in the Turkish
controlled sector. Many are choosing this
area to invest as the potential gains from
the re-unification of Famagusta could be huge.
Protaras lies in Fig Tree Bay, one of the
most popular holiday destinations on the island.
Some of the best beaches in the whole of Cyprus
complement the crystal blue waters and secluded
bays which attract tens of thousands of visitors
every year. Watersports fanatics will find
most sports catered for with top quality equipment
on offer.
The well known resort of Ayia Napa is just
10 minutes drive to the south of Protaras
and offers vibrant night life for the young
at heart and sandy beaches on which to soak
up the sun, the best and most famous of which
being Nissi Beach, just 15 minutes walk from
the centre.
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For those searching for traditional Cyprus,
Paralimni and Deryneia are just 5 minutes
north of Protaras and are very popular with
the ex-pats who are looking to integrate
with the local population. Paralimni is
actually host to the fastest growing ex-pat
community on the island.
Famagusta, once the "St. Tropez"
of Cyprus, lies a few miles to the north,
just over the border into the Turkish controlled
sector. A ghost town now, but with the potential
to create huge rewards for those lucky enough
to own businesses and property in the immediate
vicinity as and when it is returned to the
Greek Cypriots.
Larnaca airport is just 30 minutes from
Protaras, making this ever popular resort
easily accessible.
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Developments in Famagusta »
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This development benefits from being
located on some of the prime real estate
of Protaras. A small and exclusive mix
of villas, town houses and apartments,
it is just yards from the beach and
5 minutes walk from the shops, bars
and restaurants of Pernera.
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Oasis Park is situated on the outskirts
of Paralimni approximately 1 km from
the beach. Built around a central communal
pool area, this development offers studios,
I bedroom and 2 bedroom apartments starting
from just CYP55,000.
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As stated previously Nissi Beach is
the best and most popular beach in Ayia
Napa. This development of luxury villas
is adjacent to that beach on the most
valuable piece of real estate available.
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This redevelopment project offers 35
1 & 2 bedroom apartments in Kapparis,
Paralimni, just a 3 minute walk from
the beach and with shops, restaurants
and bars in the immediate vicinity.
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This development, in a residential area
of Paralimni, has converted what was
a 3 star hotel into 44 luxury apartments,
all boasting fully fitted kitchens,
bathrooms and air conditioning.
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LARNACA
DISTRICT |
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PAPHOS
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FAMAGUSTA DISTRICT |
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