Limassol – Cyprus Investment Magnet
Limassol has become an investment magnet in Cyprus due to the following:
- The most vibrant and cosmopolitan city in Cyprus.
- The property market is the fastest growing on the Island.
- Excellent medical facilities, education and offshore businesses.
- The islands upmarket tourist resort.
- Marina, casino and shopping malls.
Investment in Property
Another aspect that has played an important role in the increase of investment in Limassol is the Permanent Residency in Cyprus scheme, which grants permanent residence to those who invest a certain amount of money into property in Limassol or other areas of Cyprus.
Successful Limassol Projects
The face of Limassol is changing as many new projects continue to be developed. Local and international business/individuals recognise the potential and success of a variety of projects. Below are examples of just some.
Marinas in Limassol
Limassol boasts two successful marinas called “Limassol Marina” and “St Raphel”. St Raphel is the smaller of the two with accommodation for 273 vessels and two restaurants. Limassol Marina has been named as one of the most outstanding projects in Europe. The marina accommodates 650 luxury yachts and is home to many restaurants bars and shops drawing many from all over the island and abroad.
Olympic Residences is a successful project that has been completed in Limassol featuring swimming pools, jacuzzi, a tennis court, a country club, a spectacular spa including a Roman bath, a contemporarily designed gym, a beauty salon and much more. Opposite the Olympic Residences is a modern courtyard with a café and exclusive boutiques. The tower has direct access from the interior pedestrian’s bridge leading straight to the beach.
Private Medical Resort
The project combines a research and rehabilitation centre, residential units and a multifunction entertainment centre. The project is set to be located near the state owned Limassol General Hospital just 10 minuet drive into Limassol town centre.
Limassol View Suites
SkyPrime Group also develop projects in the area of Limassol with the latest Limassol View Suites. In a quiet upscale residential neighborhood, surrounded by beautiful villas, Limassol View Suites capture the comfort and advantages of cosmopolitan living just outside the city centre.
Healthcare in Limassol
Limassol provides excellent healthcare, accident, and emergency hospital departments are open to all and free of charge. If you have only been residing in Limassol for three months or less and require medical treatment, then it is necessary to have a health insurance card, for instance, a European Health Insurance Card (EHIC) for EU citizens.
Education in Limassol
Limassol boasts a wide variety of schools colleagues and universities. Those who move to Limassol from abroad can locate schools that teach in many languages and provide specialist education. For a user-friendly guide to what is available, you can visit Cyprus.com to find details for all of Limassol’s education options.
Transportation in Limassol
In Limassol you have the option of two airports in Paphos and Larnaca with both just (50km) in opposite directions, Larnaca airport has a bus service called “Limassol Airport Express” which provides transport both to and from the airport. Local buses are operated by a firm named “EMEL” who run rural, intercity and night busses at affordable prices.