Limassol is defined as the "Tel Aviv" of Cyprus. Its thriving real estate market, high-quality infrastructure, offices of international tech companies, restaurants, entertainment, and leisure have helped to position it on the map of attractive cities for investment.
Limassol is located in the southern part of the island of Cyprus. It is the industrial and maritime center of the island and is the second largest city in the country. The metropolitan population is about 250,000 people, and the employees of the many tech companies and the extensive tourism that continues almost every month of the year, multiply its population several times and turn it into a vibrant and crowded tourist city.
Limassol is one of the most popular tourist destinations on the island and is visited by millions of tourists each year. Among the attractions in the city and its surroundings are a new promenade and a beachfront stretching over 16 kilometers with several amazing beaches. The city also has archaeological sites, including CURIUM, a large Roman theater built in the 2nd century BC, the Apollo temple, the Old Castle Square, shopping centers, taverns, restaurants, and cafes, and the largest casino in the Middle East and Europe, which attracts many tourists from all over Europe, including Israel.
All the right reasons to own property in Limassol: New resort and casino village - CITY OF DREAMS - In 2021, the largest casino in Europe opened its doors to the public with an investment of over half a billion euros.
The largest project in Europe, called the Mediterranean Dream City, is expected to attract over 300,000 tourists per year.
The integrated casino complex will be built in the western part of the city of Limassol, and will include gambling areas and additional facilities in an area of approximately 9,600 square meters.
Limassol Marina - Limassol Marina is the largest marina in Limassol and has been recognized as one of the leading marinas in Europe. The marina is home to 650 luxury yachts and is home to many restaurants, bars, and shops that attract visitors from all over the island and beyond. In addition to the main marina, there is a second marina called "Saint Raphael" with 273 boats.
Limassol Promenade - The promenade in Limassol is very popular with vacationers due to its view of the sea, sandy beaches, and palm-lined surroundings. Against the backdrop of its long, nearby beach and various water parks, it creates a wonderful atmosphere for adults and children of all ages.
Limassol's Unique Personality - With its rich cultural heritage, growing economy, and attractive quality of life, Limassol offers a desirable combination of advantages. This makes it one of the most attractive destinations for those looking to invest in real estate in Cyprus, start a new business, or grow an existing business.
Limassol is known by many names, Some refer to the city as the "ultimate investment hub of the Mediterranean," while others call it "the most beautiful and vibrant city in Cyprus." No matter how you characterize the city, there is no doubt that Limassol has a unique personality.
Economic Powerhouse - In addition to being a beautifully picturesque city, Limassol has also established itself as an excellent destination for investors from around the world, making it the best city to choose if you are considering investing in Cyprus. Cyprus, located in the Mediterranean Sea, is the third largest island in the region. However, the island holds a strategic location at the crossroads of Europe, the Middle East, and the Far East. Limassol, the second largest city on the island, is also known for its thriving financial industry and is ranked as a leading forex hub. In addition to the popular forex scene, the economy and growth of Cyprus is also driven by other thriving sectors.
Construction Industry Booming - The construction industry in Cyprus is also booming. There has been a significant increase in demand for both residential and commercial properties. A simple drive around the city is enough to identify all the new projects in Limassol.
Real Estate Market Booming - Cyprus has seen an increase in real estate investments, especially in the tourist hotspots of Limassol. So, if you are looking for houses for sale in Limassol or just apartments to rent for a short period, the property market in Limassol, Cyprus will not disappoint you.
Temporary Residence, Permanent Residence, and European Citizenship Schemes - The government has introduced various schemes to grant permanent residency in Cyprus through investment, in order to encourage investment in the sector, making it an even more attractive option.
The Migration of High-Tech Workers - In general, Cyprus has become a paradise for citizens and investors from many countries who have chosen the island nation to live their lives or invest in it. Because the quality of life and infrastructure of the city of Limassol is the highest among the major cities, foreign immigrants really love the city of Limassol as a migration center.
A significant portion of those foreign residents who choose to relocate to the island and invest in real estate assets are high-tech and technology workers who are transferring their center of life to Cyprus.
As a result, the island's population is growing, but not in a natural organic way of internal growth, but, as a result of many programs of the Cypriot government and many incentives for foreign investors, which brings to the island a population of businessmen and high-tech professionals. In recent years, companies from all over the world have been transferring their business activities to Limassol, and the result is thousands of families coming to settle on the island every year. These people need to establish their lives on the island, and this includes, among other things, living in decent apartments or houses. Immigrants to Cyprus have strong purchasing power, and their demand is for housing in assets that will meet their economic power.
One of the safest cities and countries in the world, generally speaking, and also for investment - The island is ranked 5th in the European Union for safe destinations
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