Some areas of Limassol are "promoted" so much that the prices of real estate in them are frankly biting. Reagardless high prices, some places do not offer many choices of properties. With a limited budget and the desire to invest in the long term, you can pay attention to the villages that are relatively close to Limassol. Among them there are underestimated locations, which in 10-20 years may become if not elite, then very much in demand.
Here are a few advantages of buying real estate in the villages of Limassol, which today are not in great demand:
- Very attractive price. One square meter can cost one and a half times cheaper than in the city center.
- A good place to live with a family. If investments are combined with the purpose of "spending time in Cyprus", the village near Limassol is an ideal option. It is silence and fresh air, but at the same time all the city infrastructure can be reached in 15 minutes by car.
- Long-term perspective. Firstly, Limassol is growing rapidly: more and more people are coming here to live - both native Cypriots and foreigners. Therefore, its neighborhoods are slowly "sprawling" and occupy more and more area. One day some villages will become part of the city. Secondly, more and more foreign investors are interested not in the coastal locations of Cyprus, but in the foothills and mountains. Fresh air and more comfortable temperatures in the summer stimulate to buy real estate away from the sea, but near wooded areas and reservoirs.
- The proximity of necessary for living and working objects. In Cyprus, everyone travels by private vehicle, so a distance of 10-15 km will not be a problem for anyone. In this radius you can find schools, clinics, kindergartens, stores and markets, beauty salons and others. At the same time, the development at a small distance is not so dense.
- The interest of the authorities in the development of rural infrastructure. The government of Cyprus began to look more closely at the suburban areas of large cities. Development here will go not only by increasing the housing stock, but also by improvement on the part of the authorities. These are new roads, parks, municipal facilities and much more. As an example - Ayia Napa and Paralimni, transformed by the joint efforts of developers, investors and authorities.
So, below we will list the villages that meet all the mentioned features. Each of them may become a real estate hotspot in 10 years.
Palodia
Palodia is located in the north of Limassol: you can get to it if you leave the city from the side of Polemidia or Nea Ekali. The distance to the very center of Limassol is only 10 km, and to its outskirts - about 8 km. This is not much, even if you need to go to the city every day.
Palodia itself is quite a well-organized village, which has everything you need. Its main advantages are the proximity of several private schools and generally well thought-out infrastructure for children. Those who have come to Cyprus to give their child a good education will love living here. There are several sports clubs nearby (including a tennis club) and many trails for nature walks.
Real estate in Palodia is represented mainly by villas, but there are also apartments (for example, in the Haven complex). New buildings give the opportunity not only to invest profitably, but also to get a residence permit in Cyprus on a simplified program (when buying real estate in the amount of 300 thousand euros). There are also quite a lot of proposals for the sale of land plots.
Real estate options available for sale in the Haven project
Pyrgos
Perhaps, Pyrgos - the first in line, if we talk about the construction "boom". And it is not surprising - close to this village lie elite residential areas with good infrastructure and amazing beaches. We are talking about Parecclishe and St. Raphael Bay, where a large number of tourists come in the summer, and on a permanent basis live wealthy people. Over the past few years, several landmark luxury residential complexes have appeared here. And the developers are not going to stop.
Pyrgos will also “get under attack", in a good sense, of course. Several modern residential complexes will soon be built here. For example, Grand Hyatt Limassol and Dreams Residence. Changes will affect both the coast and foothill locations of Pyrgos.
The village is already a good place for permanent residence or vacation. Many locals choose Pyrgos for a number of reasons:
- Limassol is still close: 13 km along a good highway, the only disadvantage - the traffic jams at the entrance to the city.
- Quiet and peaceful - residents are not disturbed by the noise of the metropolis.
- Well-developed resort infrastructure - of course, closer to the sea coast.
- The sea in Pyrgos is really clean, the beaches are comfortable and not too crowded.
- Not far away is the border with the Larnaca district.
It is worth noting that today the real estate prices in Pyrgos are very reasonable. If you look at the neighboring Parekklisha, the difference will be obvious. Meanwhile, in a few years Pyrgos will be able to compete with it in terms of prices and quality of real estate. So investments in this village will definitely be profitable.
Finikaria
The village of Finikaria is located north of Moutayiaka (eastern suburb of Limassol). The distance to Germasogeia is about 5 km, to the center of Limassol - 10 km. In other words, it is very close.
Finikaria is fortunate to be located in a very picturesque place: on the eastern shore of the reservoir Germasogeia. One look at the pictures is enough to make you want to live or vacation here regularly. There are many hiking trails, a picnic area, several stunning viewpoints and even a fishing club nearby. The hillside location offers great views from the windows - even from the lowest floors.
Today, Finikaria is a humble village, but the picturesqueness will do the trick sooner or later. More and more people in Cyprus want to have a country residence in such a place: quiet, green and fresh, away from the seasonal tourist hustle and bustle. Foreign buyers have also started to make the first steps in this direction.
So far there are no apartment complexes in Finikaria, but there are complexes of villas (for example, Lake Valley) or detached cottages. Primary real estate here has a number of advantages: from simplified obtainment of permanent residence in Cyprus after purchase to the attractive price for excellent quality.
Real estate options available for sale in the Lake Valley project
Akrounta
Akrounta - the nearest "neighbor” of Finikaria, is located on the opposite bank of the Germasogeia reservoir. So it has a similar background: it is a clean, beautiful and quiet place, which with the improvement can become a real resort area.
Real estate in Akrounta is made up of villas with picturesque views, surrounded by hills and greenery. There are even options directly on the shore of the reservoir. It is wise to invest in such a house, especially if you plan to live periodically.
Trachoni
Trachoni of the above villages is the closest to Limassol - only 8 km from the center. But it should be noted that part of it belongs to the territory of the British military base Akrotiri. It is this fact for a long time did not allow Trahoni with all the convenience and proximity to the city to become a thriving elite corner. The fact is that until recently, nothing new could be built in Zakaki or the neighboring locations - as it could threaten the security of the military bases. But once approval from them was granted, things got underway.
In many western neighborhoods of Limassol and in the surrounding villages, construction of modern complexes began. New real estate has also sprung up in Trachoni. Two landmark projects are Limassol Park and Bamboo Residences. They are located in close proximity to beaches, My Mall, casino and golf resort.
Limassol Park is a closed elite complex of several blocks with apartments of different sizes, green areas and swimming pools. The top of luxury - penthouses with a large terrace and a huge living space. Bamboo Residences - a complex of 13 townhouses, which, in fact, are just close to each other separate villas.
Real estate options available for sale in Limassol Park project
Real estate options available for sale in the Bamboo Residences project
Trachoni is expected to become a developed and not cheap suburban area of Limassol. But for now, the prices for real estate here are very attractive. Especially if we talk about buying housing at the excavation stage.
Of course, in Limassol district there are many more villages that deserve the attention of investors. We have brought only the closest to the city. More options you can always find on the website of DOM Real Estate agency.
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