Larnaca is one of the most interesting and rapidly developing cities in Cyprus, attracting not only tourists but also investors, especially in the new luxury property segment. This market is just starting to develop, which makes investment in prime residentdial property particularly attractive at this stage.
This view is shared by Irina Eroshenko, head of the regional office of the DOM Real Estate agency: 'Yes, it's worth investing, the luxury property market in Larnaca is just developing and it's profitable to invest now in promising projects under construction.
Why Larnaca?
Larnaca has many advantages for both living and doing business. The city is renowned for its picturesque beaches, historic sites and developing infrastructure. Unlike the more densely populated and tourist-oriented Limassol and Paphos, Larnaca retains its cultural charm, attracting people seeking tranquillity and quality accommodation. In recent years, the Larnaca property market has seen a surge in demand for luxury properties due to improvements in infrastructure and the development of prestigious areas such as Mackenzie, close to the city centre, and remote Pervolia with its picturesque scenery.
What do we call luxury properties in Larnaca and why?
Luxury properties in Larnaca are not just expensive properties, but projects that offer high levels of comfort, stylish architectural solutions, unique views and ample opportunities for relaxation. In this town, luxury accommodation caters to an audience seeking privacy, convenient location, proximity to the airport and access to first-class amenities. These properties are often located in prestigious areas such as Mackenzie or Pervolia, offering access to the sea and quality infrastructure.
Key attributes of these luxury properties include:
- Exclusive location: close to the sea, promenade and tourist areas.
- High energy efficiency: the complexes are equipped with advanced technologies to minimise energy consumption, such as solar panels and smart systems.
- Modern amenities and well-designed infrastructure: from private pools and sea-view terraces to underground parking, gardens and designer interiors.
- Quality of construction and materials: in the premium segment, only the highest quality materials and the latest construction technologies are used.
As a result, luxury property in Larnaca meets all the requirements of the modern buyer who is looking for more than just a place to live, but a full-fledged investment in comfort and style.
Luxury developments: overview of supply and prices
The demand for premium properties in Larnaca has led to the emergence of a number of prestigious developments, each offering unique benefits and amenities. Let's take a look at some of the key projects that may be of interest to potential investors.
Horizon Towers - the new symbol of luxury living
The 6 Horizon Towers development is one of the most significant and eye-catching projects in Larnaca today, offering apartments ranging from one to several bedrooms. With one bedroom apartments starting at an estimated €300,000, this development is designed for those who appreciate contemporary style and a convenient location. Ideal for both comfortable living and renting, Horizon Towers is an attractive investment solution. Buyers who invest in a new development from €300,000 will be eligible for the Accelerated Residency Programme.
All property options in the Horizon Towers
Plus 21 Roy Terraces - luxury apartments in the Mackenzie area.
Located in the sought after Mackenzie precinct, Plus 21 Roy Terraces is a large development of high-quality apartments offering luxury living. The development is just 80 metres from the city's most popular beach and includes amenities such as a swimming pool and underground parking, adding to the appeal of the location for both buyers and tenants. 2-3 bedroom apartments are available at prices ranging from €478,000 to €835,000, which is justified by the prestige of the area and its proximity to the main tourist areas.
All property options in the Plus 21 Roy Terraces development
Kalamon Eleon is a choice for those who appreciate innovation.
Located in the Livadia area, Kalamon Eleon is a complex with advanced solutions such as smart home, energy efficient panels and modern interior design. With prices ranging from €245,000 to €610,000, this complex attracts those who value high-tech solutions and comfort. It is an example of how Larnaca is moving towards the creation of eco-friendly and energy-efficient housing. Experts believe in the area, thanks to the active attention and investment of the island state.
All property options at Kalamon Eleon project
Exclusive waterfront opportunities: Faros Sea Residence
For those seeking beachfront luxury, Faros Sea Residence in Pervolia offers unique villas from 700m2. This project combines eco-efficiency with an exceptional location just ten metres from the sea. The villas, priced from €3.325 million to €5.445 million, are equipped with photovoltaic systems and solar panels to reduce energy costs. These properties are attractive for both personal use and investment portfolios, as such exclusive offerings in Larnaca are few and far between.
View all properties at Faros Sea Residence
Sea Gallery - Modern Luxury in Pervolia
I would like to add Sea Gallery as another premium development in Pervolia. This development features spacious landscaped gardens and a swimming pool, and combines modern technology such as photovoltaic panels with high quality luxury interiors. The villas are arranged over two levels, with spacious open plan living areas and kitchens on the ground floor and bedrooms on the first floor. The properties range in size from 154m2 to 238m2 and are located just 150 metres from the sea, with prices ranging from €525,000 to €875,000.
View all properties in the Sea Gallery development
Advantages of investing in luxury properties in Larnaca
The luxury property market in Larnaca offers several key benefits:
- Price appreciation potential: The premium residential market here is still in its infancy, opening up the potential for significant increases in property values in the future.
- High rental yields: Larnaca's popularity with tourists and expats contributes to high rental yields.
- Energy efficiency and green solutions: developments such as Kalamon Eleon offer advanced technology and smart systems, including photovoltaic panels, making the properties not only modern but also cost effective for owners.
Luxury real estate in Larnaca offers unique opportunities for long-term investment. With the development of infrastructure and the city's growing popularity with expats and tourists, the demand for premium properties will only increase. For those considering investing in Cypriot property, Larnaca's luxury developments offer the optimum combination of quality, convenience and growth prospects.
Read also:
- Larnaca Penthouses: Luxury, Privacy and Panoramic Views
- Larnaca through the eyes of locals: which neighbourhoods do Cypriots choose to live in and why?
- Permanent Residency in Cyprus in 2024
- TOP 5 most popular universities in Cyprus: their advantages and disadvantages
- Transport in Larnaca: How to get around the city and its surroundings?
