Archi is an ecologically clean residential complex, which is offered as an investment project. It is located in the western part of Limassol and will be built on a plot 1.2 km from the Casino Resort and shopping center. This future development will have all the positive prospects that the whole region will have in the next 3 years.
Features of real estate
The western part of Limassol City is an area that is expected to grow more than any other region of Cyprus over the next 5-7 years. And this is not only because the city's borders have reached a maximum in the east and north, but also because major infrastructure projects are under implementation, and some of them are already under construction.
The western districts of Limassol have been abandoned for many years compared to the eastern and central parts. Nevertheless, the strategic planning of the city's growth is now planned to the west and around the largest project to be built on the island of Cyprus, the integrated casino resort "City of Dreams", which will be the largest of its kind in Europe.
It is obvious that all these nearby amenities, together with the Casino Resort, will transform the western part of the city into a new region, much more modernized and advanced, thus creating a better life for local residents, more jobs and demand for further investment.
It is expected that the value of real estate in west Limassol and around the Casino Resort in the next 2-4 years will grow significantly both in terms of vacant plots for construction and in terms of the development of land plots for residential buildings.
Since it is expected that more than 6,000 people will work at the Casino Resort alone, there is no doubt that the demand for renting and buying real estate in this area will grow. At the moment, about 65% of the population of Limassol lives in the central and western parts of the city.
The new Casino resort is expected to attract more than 300,000 tourists each year, with access to all resort facilities less than a 5-minute drive from the newly built passenger port terminal. Thus, more and more people will live and visit this area in the next 3-4 years. Real estate prices are expected to double.