Larnaca is a city that is actively developing and becoming one of the most attractive spots on the map for investors and real estate buyers.
In recent years, the local authorities have adopted ambitious plans to modernize and develop the city, which has attracted the attention of both local and international investors. In this article, we take a look at the most promising areas to buy property in Larnaca, taking into account the plans for their development.
Livadia: a neighborhood on the cusp of change
Livadia is one of the neighborhoods in Larnaca that will undergo significant changes in the coming years. Located in the northeast of the city, the area has long been known for its industrial facilities, including oil storage tanks on the coast. Recently, however, the Cypriot government decided to demolish these oil storage facilities, paving the way for large-scale development and redevelopment of the area. This spring, a real building boom started here.
Development plans. As part of the project to demolish the oil storage facilities, the authorities are planning to build new residential complexes, parks, educational and cultural facilities in the area. It is expected that Livadia will become a modern neighborhood with a high density of development, where residential and commercial facilities will be combined. Given Livadia's prime location near the coast and close to the city center, the area has the potential to become one of the most desirable areas to buy property in Larnaca.
Project examples:
- Kalamon Eleon is a luxury complex with 15 modern two and three bedroom apartments. The complex is equipped with Smart Home system, solar panels and photovoltaic system. Each apartment has spacious rooms and modern kitchens. The cost of the apartments varies from 205 thousand to 280 thousand euros.
- Luna Residences is a new modern project located just 300 meters from the beach. The complex offers apartments from 50 to 112 m2 with 1-3 bedrooms. The project offers covered parking, swimming pools, roof gardens, gym, spa center and meditation areas. All apartments are equipped with modern kitchens and solar water heating. Class A energy efficiency. Prices range from 167,650 to 469,960 euros.
- Orama Artemis is a new residential building with apartments ranging from 48 to 95 m2. Apartments are offered with one, two and three bedrooms and the project includes the highest quality materials and energy efficient technologies. The price ranges from 135 thousand to 235 thousand euros.
Properties available in the Kalamon project
Properties available in Luna Residences
Properties available in Orama Artemis project
New Port and Marina Area: Investment in Infrastructure
The New Port and Marina area remains one of the key locations for investors in Larnaca, despite delays in major infrastructure projects. Even with the possible delays, buying property by the sea is always a promising investment. The development of the port and the surrounding area will open up new opportunities for commercial and residential property, which will enhance the attractiveness of the area in the long term.
Development plans. Within the framework of this project, it is planned to create a modern shopping and entertainment center with elite residential complexes and yachting infrastructure. The first stage will be the connection of the marina with the coastal zone of the city, after which the construction of high-rise residential buildings, commercial facilities and hotels will begin. Later phases will include villas with berths for private yachts, as well as business premises and warehouses for yacht maintenance.
Project example:
- 1-bedroom apartment of 44 m2 in the New Marina area. This apartment is located on the first floor of a modern residential building, only 200 meters from the sea. All the necessary infrastructure is close by: supermarkets, pharmacies and restaurants. Despite the delays in the development of the New Marina project, living by the sea is still a profitable investment. The price of this offer is from 150 thousand euros.
Mackenzie: a beach area with investment potential
Mackenzie is one of Larnaca's most popular beaches, which is currently undergoing a transformation, making it very attractive to tourists and investors alike. The area is characterized by its proximity to the airport and well-developed infrastructure, making it particularly popular with those seeking an active lifestyle close to the sea.
Development Plans. In the coming years, the Larnaca municipality plans to improve the infrastructure in the Mackenzie area, including the expansion of the beach area and the construction of new hotels and residential complexes. These changes will increase the attractiveness of the area for both tourists and permanent residents.
Project Examples:
- Aurora Residences is a new residential development in the Mackenzie area, just 270 metres from the popular beach. The project offers 2 to 5 bedroom apartments ranging from 78 to 105m2 and is scheduled for completion in 2025. Bars, restaurants and cafes are within walking distance and the city center is only a 5 minute drive away. The complex stands out for its modern design and A-class energy efficiency, making it a great investment opportunity. Prices range from 380 thousand to 800 thousand euros.
- Mackenzy Dream Residences is a new residential project located just 300 meters from the sea. The complex consists of fifteen spacious 2-3 bedroom apartments ranging in size from 79 to 80 m2. Apartments on the fifth floor offer spacious covered and open balconies with panoramic sea views. Each apartment has a storage room and a parking space. The project is characterized by its proximity to the blue flag beaches of Mackenzie and its modern design. Prices range from 600 thousand to 630 thousand euros.
- K3 Building 239 is a residential complex under construction in the Mackenzie area, just 100 meters from the city's best beaches. The complex offers apartments with 1-3 bedrooms, ranging from 51 to 101 m2, with a convenient layout: living room and open kitchen, as well as comfortable bedrooms with bathrooms. There are traditional taverns, modern bars and restaurants within walking distance, and all the necessary city infrastructure - supermarkets, schools, medical centers and banks - are within a few minutes drive. The cost of the apartments ranges from 270,000 to 600,000 euros.
- Saline Lake Residence is a new residential project in the Mackenzie area, located 400 meters from the sea. The complex consists of six floors and offers apartments with 1-3 bedrooms, ranging in size from 50 to 118 m2. The convenient location of the complex allows you to walk to the beach in a few minutes and to the city center and the airport in a few minutes by car. The project is characterized by modern design and energy efficiency class A. The cost of the apartments varies from 247 thousand to 729 thousand euros. The complex includes several affordable apartments, where you can move in immediately after purchase.
Property options in Aurora Residences
Property options in Mackenzy Dream Residences
Property options in K3 Building 239
Property options in Saline Lake Residence
Finikoudes and the Old Town: a combination of tradition and modern amenities
Finikoudes is Larnaca's central promenade and has always been the center of city life. Along the promenade are cafes, restaurants, shops and hotels, as well as historical landmarks such as St. Lazarus Church and Larnaca Castle.
There is hardly any space for new residential complexes in this part of the city, which makes buying a property in this area an exclusive opportunity.
And there are parking problems for large vehicles. But it's colorful!
Project examples:
- Aqua Parkview Residence is a new residential complex located in Ayios Georgios, just 2.5 km from Finikoudes beach. The complex consists of two blocks and includes a communal swimming pool, spacious balconies and apartments with 1-3 bedrooms ranging from 50 to 100 m2. Prices range from 165 thousand to 610 thousand euros. In the immediate vicinity are shops, schools, cafes and sports centers.
- Aphrodite House is a new gated community in the center of Larnaca, 1000 meters from the sea. The project features underground parking, energy efficient technologies and high quality finishing materials. The apartments range from 50 to 80 m2 with 1-2 bedrooms and are priced from one hundred and eighty two thousand to three hundred and eighty one thousand Euros. The complex includes modern wellness facilities such as spa and cardio rooms and is within walking distance to the historic center of Larnaca, major shops, restaurants, schools and medical facilities.
Property options in Aqua Parkview Residence
Property options in Aphrodite House
Dekelia: a new hotspot for families and businessmen
Dekelia is becoming one of Larnaca's most promising neighborhoods thanks to the Larnaka Land of Tomorrow project, which will be launched by the end of 2025. This project will radically transform the neighborhood from an industrial area into a modern space for living, recreation and business. The project will create a sustainable, mixed-use coastal community with a focus on ecology and preservation of the natural landscape.
Development plans. On an area of 400 thousand square meters will be built about 8 thousand houses, pedestrian and bicycle paths, green areas with 20 thousand trees, as well as a museum recalling the industrial past of the area. The project provides for the development of modern infrastructure, including restaurants, bars, a five-star hotel and a conference center. It will become a major attraction for both Cypriot residents and international investors, offering new opportunities in tourism, culture and entrepreneurship.
Project Example:
- Synergy - a residential complex in Oroklini, just 280 meters from the beach. The project consists of 89 villas with 4-5 bedrooms, ranging from 150 to 230 m2. The villas feature modern layouts, high quality finishes and spacious terraces with panoramic views. Prices range from 715 thousand to 1.112 million euros.
Property options in Synergy project
Today, Larnaca is a city that is actively developing and attracting the attention of investors from all over the world. Areas that were once forgotten or used exclusively for industrial purposes are now being transformed into modern residential and commercial areas with high investment potential. Livadia, New Port and Marina, Mackenzie, Finicudes and Dekelia - all these areas have their own unique features and development plans that make them promising for real estate purchases. Investing in real estate in Larnaca today is an investment in a future that promises to be bright and successful.
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