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Cypriot Passport Acquisition and Permanent Residence Permit
Repossession Property Yield Properties

Latest news

  • 19 April 2018 VAT break for young couples buying land for first home

    Young couples buying land for their first home in Cyprus may only pay 5 per... read more

  • 12 April 2018 Impressive growth in Cyprus property sales

    The impressive growth in Cyprus property sales continued in March with the... read more

  • 19 March 2018 Α. Σωφρονίου: Στο ραντάρ ξένων, επενδύσεις στην Κύπρο

    Α. Σωφρονίου: Στο ραντάρ ξένων, επενδύσεις... read more

  • 5 March 2018 Liquidity came back after the crash of 2013

    Banks' actions to de-balance their balance sheets and the growth of deposits... read more

  • 26 February 2018 Citizenship scheme shrouded in secrecy

    Citizenship scheme shrouded in secrecy read more

Larnaca marina edging forward

   

THE LARNACA marina and port project, which has been stalled for more than 10 years by bureaucracy and legal battles between competing bidders, seems to be moving forward. According to a statement made on Tuesday by Transport Minister Marios Demetriades the target is to sign contracts for the  ambitious project by the end of 2017. In November last year the government requested submissions of interest by prospective investors and expected that the successful bidder would be selected by August 2017. Larnaca marina development strategies The first development strategy includes the creation of a marina to hold 750 50-metre yachts, 50-60 mega and Giga yachts and a 300m cruise ship. The second choice provides 600 50-metre yachts, 25 mega or Giga yachts and a 250m cruise ship, while the third choice is identical to the second but has place only for 10-15 mega and Giga yachts. The second choice, estimated at €150-€185 million seems to be the most advantages of the three, while all three plans have 20,000m² available for apartments and villas, 7,000-10,000m² for offices, a commercial centre and a 250-bed luxury hotel. The northern part of the 510,000m2 site will be used exclusively for port operation.

Read more at: http://www.news.cyprus-property-buyers.com/2017/03/01/larnaca-marina-edging-forward/id=00152222
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