A couple of years ago, residents of Limassol preferred to live in cozy apartments close to the sea.
However, the coronavirus pandemic has changed the priorities of most of the city's population. Even during the first quarantine, life in apartments became unbearable for many. Many started talking about the advantages of suburban life.
Demand for homes in Limassol has skyrocketed. We must say that local developers instantly adjusted to the new realities and began to actively build up the suburbs.
So, for example, within a year Agios Athanasios turned into one of the most prestigious areas for living and buying a home.
Property prices in Agios Athanasios have skyrocketed as well. Moreover, this trend will continue.
In the neighboring area of Agia Fyla, you can still find profitable options for buying a home in Cyprus. However, soon the price may increase here as well.
The Mayor of Limassol announced on Tuesday, May 25 that the city's municipality is embarking on a large-scale reconstruction project for the historic center of Agia Fyla.
According to Nikos Nikolaidis, the central square will be modernized and the facades of all residential buildings will be renewed. In addition, a huge number of new buildings will appear in Agia Fyla. The mayor also noted that roads will be repaired and new sidewalks will be laid, as well as new parks and places for public recreation. At the same time, the value of real estate, which is located within the territorial boundaries of Agia Fyla, is likely to increase.
By the way, the modernization of the Agia Fyla area will cost €2 million 390 thousand plus VAT. 20% of this amount has already been allocated by the municipality of Limassol. The rest will be covered from the country's budget.
You can find a wide variety of real estate options in Agia Fyla and other areas of Limassol on DOM real estate website. The website also has over 20,000 properties throughout Cyprus, both residential and commercial. Choose and contact professionals who will help you make the right choice!
Photos: pixabay.com, philenews