Limassol is one of the largest and most developing cities in Cyprus, rivalling Nicosia. A major advantage is the presence of a coastline with excellent beaches and resorts. As a result, Limassol is attracting more and more buyers looking for convenience and investment opportunities. This article presents a selection of promising areas in Limassol, some of which are suitable for profitable investment, some of which are suitable for home ownership and some of which combine both.
1. Zakaki
Zakaki is a rapidly developing area of Limassol, attracting property buyers due to its convenient location and open prospects for further growth. The area is close to the port, making it strategically important for commercial and residential property. More and more modern residential complexes and commercial developments are being built here.
In recent years, Zakaki has attracted attention with the construction of Cyprus' largest casino resort, City of Dreams Mediterranean, which has brought even more interest to the area. With this development, property prices in Zakaki are set to rise and the demand for rental properties, especially from tourists and business travellers, will only increase.
For property owners, this can be not only an ideal place to live, but also a lucrative place to invest. The area is becoming increasingly popular with those looking for affordable accommodation close to the city centre, but in a less noisy and active part of Limassol. Investors will be able to rent out the property not only to locals, but also to tourists visiting the casinos and other entertainment facilities. Overall, Zakaki has great potential for future growth and is one of the most promising central areas for property investment.
Key locations in and around Zakaki include:
- My Mall shopping centre;
- City of Dreams Mediterranean Casino Resort;
- Lady's Mile beach;
- Limassol Marina;
- Fassouri Watermania water park.
The area has convenient transport links, which is important for those who want to visit the central areas of the city or go to the countryside. This location is popular with those who wish to have an apartment or house close to modern entertainment facilities.
Zakaki offers both villas and apartments in modern complexes. Villas are in the elite sector, with prices starting from 650,000 euros. Apartments vary in price depending on the class of the complex and the size of the apartment.
2. Ekali and Nea Ekali
Ekali is a neighbourhood that has become one of the most popular in recent years among local families looking for a comfortable and peaceful place to live. It is divided into Ekali itself and Nea Ekali. These areas have a cosy and quiet atmosphere, ideal for people who value their privacy but still want to be close to the city centre.
Private development is booming in Ekali and Nea Ekali, with new homes ideal for families with children. Many have their own spacious plots and are surrounded by green spaces, making the area even more attractive to live in.
Ekali is home to both traditional Cypriot houses and modern apartment complexes. The area continues to develop and new properties are added every year, making it an interesting area for investors.
At the same time, prices in this area are significantly lower than in the central areas of the city. This is mainly due to the fact that the resort and entertainment infrastructure is far away from Ekali. However, everything you need for a permanent residence is available here: polyclinics, public and private kindergartens/schools, supermarkets, cafes, pharmacies and more.
A new apartment can be found here from 200 thousand euros, and apartments of comfort + and business classes are also built here. Elite real estate in Ekali is represented by villas, but there are also cottages at moderate prices.
Of course, you have to drive to the sea. But this is not a deterrent for those who want to live permanently in Limassol. In fact, many people choose this secluded area because it guarantees that there will be no hustle and bustle in high season.
3. Pano Polemidia
Pano Polemidia is one of the oldest and most picturesque areas of Limassol, combining the atmosphere of old Cypriot houses with modern apartment complexes. The neighbourhood is situated on an elevated position, giving its residents a wonderful view of the city and the sea. Every year, the neighbourhood becomes more and more attractive to families looking for peace and comfort close to the city's infrastructure.
The abundance of green spaces and natural areas are a godsend for those who value privacy and proximity to nature. Families with children are also well catered for as there are plenty of schools, both private and public. The beaches are only 10 minutes away by car.
From an investment point of view, Pano Polemidia is good for the long term. There will always be a stable demand for property in the immediate suburb, with prices rising at a moderate pace.
The new residential complexes that are being built in this location have their own infrastructure that guarantees the comfort of living. They often include gyms, swimming pools and closed, guarded areas. Spacious apartments differ in price from similar objects in the central districts - to a lesser extent.
Private houses are mainly second hand. At the same time, villas usually have a magnificent view of the mountains, the city - as well as quite spacious plots.
4. Germasogeia
Germasogeia is an area that combines both high-end residential complexes and affordable property options. Here you can find both luxury villas and apartments, as well as ordinary apartment blocks, making it attractive to a wide range of people. These include families with children, professionals and expatriates who come to the seaside resort for their holidays.
The area is known for its developed infrastructure and proximity to the sea, which makes it an ideal place for permanent and temporary residence. It has everything you need to live, plenty of different places to spend your leisure time and Germasoya is a short distance from the city centre.
Germasoya is ideal for investors who are looking for a property with sea views and also want to rent out their property (short and long term). The area is prestigious but not as expensive as the centre of Limassol, making it a great choice for those who do not want to overpay.
Germasogeia is divided into several locations:
- Germasogeia Grineria, the conventional centre of the area, has the most convenient access to transport hubs. New property here is mainly in the form of apartments in gated complexes.
- Germasogeia Potamos is a seaside location. It has the closest access to the beaches (Dasoudi). There is a harmonious mix of villas and modern apartment complexes.
- Germasogeia-Columbia is an elite area with fashionable buildings. Real estate is represented by apartments in gated communities and villas.
The well-developed infrastructure makes Germasoya not only a comfortable place to live, but also a place with many investment opportunities.
5. Agios Tychonas
Agios Tychonas is a prestigious coastal area on the Limassol coastline. It attracts mainly tourists and commuters who want to live close to the sea. Due to its location, the area is in high demand by those looking for luxury beachfront properties. As a result, Agios Tychonas has become one of the most popular places for short term rentals, although expats have recently started to live here. They prefer to be close to the city centre but in a quiet area, away from the hustle and bustle of the city.
For investors, Agios Tychonas is an excellent choice as the demand for rental properties in the area is consistently high. The proximity to popular beaches such as Amathous and Four Seasons adds to the appeal. Property in Agios Tychonas is increasing in value every year, making it a good area to buy for investment purposes.
Agios Tychonas has a well developed tourist infrastructure, ideal for resort style living. There are plenty of restaurants and cafes overlooking the sea, as well as shops and supermarkets for your daily needs. The area has good transport links to other parts of the city and is a great location for those who prefer to live close to the coast while enjoying all the amenities of the city.
The city centre can be reached easily and quickly, provided there are no traffic jams. Agios Tychonas has few educational institutions, clinics and institutional offices - but it is also a good place to live permanently. It is important that all adult family members have their own car. However, this is normal for Cyprus.
6. Parekklisha
Parekklisha is an elite area of Limassol known for its luxury properties. The neighbourhood combines peace and privacy with magnificent sea and mountain views, making it one of the most prestigious places to live in Limassol. At the same time, the city and all its infrastructure is just a short walk away. A number of luxury villas are being built here, offering not only comfortable accommodation but also first class leisure facilities.
There is also a wide range of apartments in gated complexes. Some overlook the sea, others the mountains. There are also apartments with 360 degree views. These are usually multi-bedroom penthouses.
Parekklisha is also a great place for investors, as the demand for luxury properties in this area is always high. Not only can you buy luxury villas for personal use, but you can also buy properties for short and long term rental.
Parekklisha's infrastructure includes public schools, sports clubs, hotel complexes and spa centres. There are several clean beaches and the St Raphael marina is nearby. Diving and other water sports are available along the coast.
7. Neapolis
Neapolis is one of the central and busiest areas of Limassol and is ideal for those looking for accommodation close to all the amenities of the city. It is a good choice for families with children and working people as it has all the necessary infrastructure: shops, schools, medical centres and transport hubs. Neapolis also attracts those looking for new buildings in the city centre rather than secondary housing.
Both apartment blocks and private houses can be found in Neapolis, making the area accessible to a wide range of people. In recent years, there has been an active development of new apartment complexes, making the area attractive to investors. It is highly sought after by tenants, both local and expatriate, contributing to the rise in property values.
Neapolis is truly vibrant. Theatres, art galleries, parks and city beaches are all within easy reach. If you wish, you can get out of Neapolis and into the city - for example, the Germasoia dam is just a short distance away.
Of course, there are more apartments of all kinds here than private houses. And you can find both comfort-class and elite properties in the coastal luxury complexes. There are not as many villas in Neapolis, but there are still options.
8. Platres
Platres is a picturesque highland village in the Troodos Mountains, Platres attracts people seeking peace, clean air and seclusion away from the hustle and bustle of the city. The area has become particularly popular with those looking to buy luxury property in the mountains. Platres offers a unique living environment where you can enjoy coniferous forests, mountain nature and tranquillity. In recent years, private luxury developments have been built here and there is a demand for such homes from both locals and foreign buyers.
In winter Platres is a great place for holidays, as the Olymbos ski resort is nearby. The summer climate makes Platres an ideal holiday destination away from the heat of the city. At any time of the year it is a pleasant place to walk along the forest paths and relax.
There are several nature trails around Platres that lead to waterfalls (Kantara, Kalidonia, Mesapotamos) and cosy picnic and camping areas. Nearby there is a sports complex and a ropes course, and a little further on there is a winery. Ancient monasteries and historical monuments can also be found here, such as the Monastery of Trooditissa, which is an important religious site in Cyprus.
Platres also attracts people looking for a peaceful holiday and tranquillity in the lap of nature. The main development in the village is traditional Cypriot houses and old buildings, which give Platres a special charm. Investors prefer to invest in property in the form of chalets and villas, which are new but built in the traditional style.
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