Many new high-rise buildings and Cyprus are continually rising due to incentives given to development companies to attract investment, mainly through the naturalization program. Urban development is predicted by the applications for dozens of high-rise buildings in all cities, with Limassol as a reference point, which gathers about two-thirds of the applications.
The buildings began to rise in Cyprus in recent years, when the government implemented the naturalization plan by issuing a Cypriot passport to foreigners, provided an investment of € 2 500 000, and with the interest of foreign investors mainly focused. The ratio in real estate investments.
The multi-story buildings (over ten floors), for which the Department of Urban Planning director gave his consent, amount to 6 for Nicosia, 54 for Limassol, 17 for Larnaca, and 8 for Paphos.
Until 31/08/2020, the consent of the Department of Urban Planning and Housing has been granted for the following number of applications:
- Number of buildings with 11-15: 6 floors in Nicosia, 24 in Limassol, 13 in Larnaca, and 4 in Paphos.
- Number of buildings with 16-20: 14 floors in Limassol, 2 in Larnaca, and 3 in Paphos.
- Number of buildings with 21-25: 5 floors in Limassol, 1 in Larnaca, and 1 in Paphos.
- Number of buildings with more than 26:11 floors in Limassol and 1 in Larnaca.
The data does not include the free Famagusta and the two twin towers of 26 floors, each concerning the Ayia Napa marina project.
Also, a characteristic element is that Larnaca began to enter the cities that rise sharply, which until recently was a poor relative. Today, or at least until the pre-Koronov era, it was a magnet for big investors from Russia, Lebanon, and Israel.
According to the provisions of the Development Plans, the evaluating applications for construction of buildings with several floors beyond two of the maximum allowed by the respective Urban Zone, it is required to obtain the consent of the director of the Department of Urban Planning and Housing before granted by the competent Urban Planning Authority. Therefore, the Department of Urban Planning and Housing director has data only on the development of tall buildings for which he has given his consent.
It is further noted that, for the licensing of tall buildings within the area governed by the provisions of the Nicosia Center Area Plan, the assent of the director of the Department of Urban Planning and Housing is not required. Therefore, buildings beyond the ten floors that have been licensed in this area are not included in the above figures. Finally, it is clarified that, for the developments for which the Municipal Planning Authority is the Municipalities, the Department of Urban Planning and Housing cannot know if the planning permission has finally been secured after the director's consent of the Department.
Photos: DOM LiVE