The most expensive land in Cyprus is residential plots. The closer to the sea, the more expensive.
The coronavirus crisis and rising prices for new construction are forcing some local developers to look for alternatives to expensive coastal land. So, recently, many have begun to build in the suburbs. For example, in the Limassol district, the villages of Fasoula, Palodia, Paramytha and Souni are now especially popular.
In the latter, dozens of new houses were built last year alone. And this is not the limit!
On Tuesday, October 5, the Department of Environment received another application from the construction of a large housing complex in Souni.
According to the release, the developer intends to divide a large piece of land of 44,817 m2 into 34 smaller plots, and build luxury villas on them. The project also provides for the creation of a spacious parking area of 247 m2 and green areas.
It is known that the building plot falls by 88% in the urban area H6 and 12% in the Z1. It is expected that the southeastern end of the 5412 m2 plot, which falls within the buffer zone, will remain unchanged and will not be included in the project.
The remaining area (39,405 m2) will be allocated 34 plots with a total area of 27,073 m2 for subsequent development. The complex provides 2 parks with green spaces with a total area of 2,831 m2, an internal road network and sidewalks.
To create the proposed project, about 30 trees and shrubs will need to be cut down on the site.
More information on new projects in Cyprus can be found on the DOM Real Estate portal. The website has over 20,000 properties in Limassol, Paphos and Larnaca - from residential to commercial. Choose and contact professionals who will help you make the right choice!