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Top 5 Reasons Why Larnaca is the Best Place for Investment in Cyprus in 2024
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If you are considering Cyprus for investment, pay special attention to the city of Larnaca. This city is experiencing a real estate boom, which is excellent news for investors. The increasing demand is driving the active development of the construction sector. Investors are choosing Larnaca for its promising outlook and steady property value growth. Research shows that the return on investment here will continue to rise.
Larnaca has become the new hotspot on Cyprus’s investment map. The city attracts with its beautiful beaches, developed infrastructure, and convenient transportation links. Compared to other cities in Cyprus, such as Limassol, where property prices are inflated, Larnaca stands out with its reasonable prices and growth potential. This makes Larnaca the ideal place for profitable investments and comfortable living.
Top 5 Reasons to Invest in Larnaca, Cyprus
Investing in real estate projects in Larnaca offers numerous advantages. Here are the key reasons:
1. High Return on Investment Potential
Rising Property Values: Larnaca demonstrates a steady increase in property prices, averaging 9.3% annually, making it an ideal location for long-term investments.
2. Stable Rental Income
High Rental Demand: Due to its tourist appeal and well-developed infrastructure, Larnaca attracts many tourists and expats. Compared to other major cities, housing and rental costs in Larnaca remain more affordable, appealing to those seeking reasonable prices and accessible housing options.
Long-term Renters: The developed infrastructure and high quality of life attract professionals and families seeking long-term rentals, providing stable income for property owners. Over the past year, apartment rental prices have increased by approximately 7.44%.
3. Opportunity to Diversify Investment Portfolio
Variety of Properties: Larnaca offers various types of real estate, including residential complexes, commercial properties, and tourist apartments, allowing investors to choose the most suitable option for their goals.
Tourist Attraction: Larnaca is a popular tourist destination with beautiful beaches and historical landmarks, enhancing the city’s appeal and driving property value appreciation.
4. Infrastructure Development
City Modernization: The active development of urban infrastructure, including improvements in transportation networks, the construction of new schools, hospitals, and shopping centers, makes Larnaca increasingly attractive for living and investing.
5. Advantages for Living and Working
High Quality of Life: The excellent climate, pristine sea, and well-developed infrastructure make Larnaca a great place to live. The city is known for its tranquility and high level of safety, making it appealing to families with children. The average annual temperature ranges from 25°C during the day to 12°C at night, with summer lasting from May to the end of October.
Convenient Location: With one of the country’s leading airports, Larnaca is an ideal place for business and travel, providing easy access to international transport routes. The 32% increase in arrivals at Hermes Airport in 2023 indicates Larnaca’s growing accessibility.
Discover the investment opportunities in Larnaca, Cyprus, and take advantage of the rapidly developing real estate market while enjoying all the benefits this beautiful city has to offer.
Aurora Hills Residences is a state-of-the-art residential complex in Larnaca, offering 18 spacious apartments. Located just five minutes from the bustling center of Larnaca and ten minutes from the picturesque seafront, residents benefit from proximity to key infrastructure such as schools, supermarkets, and pharmacies, making the complex an ideal choice for families.
Why Choose Aurora Hills Residences?
Gated Community: Ensuring peace and security.
Modern Design and High-Quality Construction: Built to the highest standards.
Photovoltaic Solar Panels: Each apartment is equipped for energy efficiency.
Covered Playground and Modern Gym: Catering to families and active lifestyles.
EV Charging Stations and Solar Water Heating Systems: Promoting eco-friendly living.
Covered Bicycle Parking and Individual Storage Units: Added convenience for residents.
Explore the detailed apartment layouts, amenities, and features of the residential complex ➡️ Aurora Hills Residences.
At Feod Group, we offer a comprehensive range of services for investors, including concept development, legal support, construction, and marketing. We handle every detail of your investment project, from selecting the land to market promotion.
Discuss your ideas with our experts today and start realizing your investment plans in Cyprus.
We would be delighted to arrange a meeting with you at our office in Larnaca or online!
In 2013, she graduated in law from the National University «Odessa Law Academy» with honors and received a Master of Law degree. Anastasia Taran has experience in international and contract law, as well as corporate and tax law in Europe. Within the framework of Feod Group, she specializes i...
In 2013, she graduated in law from the National University «Odessa Law Academy» with honors and received a Master of Law degree. Anastasia Taran has experience in international and contract law, as well as corporate and tax law in Europe. Within the framework of Feod Group, she specializes in immigration and corporate law of European countries, particularly:
If you are considering Cyprus for investment, pay special attention to the city of Larnaca. This city is experiencing a real estate boom, which is excellent news for investors. The increasing demand is driving the active development of the construction sector. Investors are choosing Larnaca for its promising outlook and steady property value growth. Research shows that the return on investment here will continue to rise.
