“Larnaca Municipal Garden” was officially delivered during the inauguration held by President Nikos Anastasiadis, in the presence of the city’s authorities.
Larnaca’s Garden Regeneration
The regeneration of the municipal garden was co-funded by the European Regional Development Fund under the Operational Program “Competitiveness and Sustainable Development 2014-2020”. Larnaca Municipal Garden, has acquired the real image it deserves, marking a new era at the favourite meeting place people of all ages.
Mayor’s address to the public
Mayor Andreas Vyras referred to the municipal garden as the gem of Larnaca city and a place of fun and joy. “This is an area, fully equipped with brand new toys according to safety specifications of European standards. A space with urban equipment, access for the disabled, a cafeteria, sanitary facilities and planted with more than 150 trees,” he added.
Mr. Vyras also referred to other Larnaca infrastructure projects under development as well as to the relocation and construction of new tennis courts in the area around the Community Centre, aiming to highlight the ancient port of Kition.
“Along with other investments made and efforts to adopt the initiative to make Larnaca a Blue City, coupled with the success we secured with the creation of the Cyprus Naval and Maritime Institute, we hope to make Larnaca a key reference point within Cyprus and beyond, “concluded the mayor
Buying a property in Cyprus is in many cases a life changing decision. The right choice could certainly, upgrade the quality of a family’s life significantly and give a much better return as an investment. The wrong choice, however, could cause undesirable occurrences to the well-being or even damage the family’s or the investor’s budget. Consider the countless times owners have complained of the quality of their residences. Encountering problems with humidity or mold on the first year of purchase or long delays before their property title deed could be issued.
Typically, those who buy a property in Cyprus focus on location, which marks the value of the property and the price. This determines the potential return. It is in the same manner essential however, to give top priority to its quality which will induce the actual cost of the property in the long run.
There are simple steps to follow in order to establish whether a property meets the quality standards proclaimed by its vendors.
Buy property in Cyprus Steps to Follow
1. Ask the background of the Developing Company
Initially, the background of the developing company should be examined to determine its solvency and confirm adequate occupational exposure. Equally important is the current presence of the company in the market which governs its future course and stability. Moreover, Land Development Organizations awarded the Quality Management System Certificate are customarily dedicated to quality.
2. Ask for recommendations
It is encouraged to ask locally for recommendations for the company. What’s more, you could read testimonials or even refer to persons who have already purchased properties from the same property developer.
3. Study the contract Carefully
The contract of sale should be studied carefully. One of the things you should look for is whether a warranty is offered through the contract, a component revealing the quality of a company. Moreover, you need to confirm that the developing company has complied with all technical construction specifications, in order to secure a property title deed on time.
4. Know all your rights
A buyer has the right, with the written consent of the seller, to carry out a ‘search’ through the Land Registry Office to find out whether the property is subject to any mortgage.
The recommendations preceding should be loyally supported by any prospective buyer to ensure a successful property purchase and subsequently a profitable investment. Besides, investing in real estate in Cyprus, being a global business and investment destination, has been proved one of the safest investment options in terms of risk and returns
Marinakis Property Developers have been developing Pearl House sequential projects motivated by the present-day housing requirements and preferences; probably the main factors contributing to its high demand. Pearl House is an exclusive block of eight luxurious apartments in modern design, maintaining quality and functionality, located in the centre of Larnaca city.
The concept was formulated just a year ago, but reservations continued at a very fast pace leading to the immediate process of developing a considerable number of property units.
Encouraged by this success, Marinakis Property Developers have so far in 2019 announced three additional Pearl Houses which have already been sold out!
Marinakis Property Developers held a memorable company party for its team to celebrate their successful year end and mark the beginning of another exciting year of continued growth.
During the event, the company’s targets and objectives for 2019 were introduced and the management expressed their gratitude and reflected on the experiences and the success of the company, all through the close cooperation and dedication of its people!
Although demand for villas in Larnaca area had not been considerably high, Marinakis Property Developers opted against the odds. A premium location in the Larnaca-Dhekelia tourist area had been selected and the construction of Vergi Coastal Residences, initiated.
Elegance, privacy and sophistication master the project which consists of 3-bedroom and 4-bedroom, ideal for long-term living. Each house features 2 private parking spaces, ceramic patios and a master bedroom complete with a walk-in wardrobe and ensuite. The sleek Italian kitchen comes with natural granite counters and fine finishes and the open floor living area artfully glides to the rear patio and swimming pool, the perfect spot to relax and unwind.
Integrated design and modern luxury uniquely blended in exclusive residences destined for families, in a location of serene privacy and only steps away from the Larnaca-Dhekelia Road bustling setting.
The bold move of Marinakis Property Developers effected a most favourable result with 70% of the residences already belonging with their new owners.
MARINAKIS PROPERTY DEVELOPERS and GATE DEVELOPMENTS are pleased to announce their cooperation. This strategic partnership was formed aiming to develop unique projects in Cyprus particularly in the Larnaca region.
The new alliance will engage in the sector of residential properties, commercial properties and the tourist sector in a wider sense. The partnership has already been set in motion with the development of “Marigate”, in a class by itself, grand residential project in Larnaca. The official launch of “Marigate” will shortly be announced.
Potential opportunities are currently being reviewed for further developments in Larnaca. Details of the prospective projects will soon be available.
According to Larnaca’s Mayor Andreas Vyras, it has been estimated that the construction of a total of ten projects will initiate in Larnaca while the Municipality is expecting to receive State funding for their implementation.
In his recent interview to the Cyprus News Agency, the Mayor stated that the Technical Services budget provision for 2019 includes the studies of certain projects with a view to maturing so that the Department will be ready to absorb the funds that may arise from the current 2014-2020 programming period. However, in the case where these will become unavailable, the Mayor explained that the Municipality will instantly be entitled to claim more projects during the new programming period 2021-2027. All these projects are very important in Larnaca’s upcoming development and subsequently engage local and foreign entrepreneurs’ interest to invest in Larnaca.
Included in the project soon to come are:
1. The external restoration of the Zouhouri and Laiki Gitonia, which complements the two current European projects through which Kleanthis Kalogeras Street will be reconstructed while the interior courtyard of Zouhouri will be repaired. Expected to be completed by mid-2020.
2. The redevelopment of roads and the facilitation of people with disabilities, a project which is a continuation of the present works in Ermou and Zenonos Kitieos as well as Nikolaou Roussou and Kosma Lysioti Streets.
3. The restoration of the Police Director’s house, a remarkable structure that has been left in poor condition for many years. A state property, which may be used by the Municipality for more than one purposes since the duality of the building together with the Eparhos residence is significant.
4. The area surrounding the residences will be configured in a park, which according to the Mayor, will be turned into lush greenery and will include active and passive entertainment spaces.
5. The redesigning of the coastal front of Athens Avenue at the beach of Phinikoudes which will be planned all the way from the boundaries of the buildings to the sea. The project will include a fire station, a dining area and sidewalks.
6. The reconstruction of the Alki and Acropolis squares. The upgrade of these neighboring town squares, off the central shopping area, will help revitalize the region.
7. The restructuring of the area around Chrysopolitissa to connect with ancient Kition and the ancient harbor. The works will highlight the ancient monumental church and revive the surrounding area.
8. The creation of parks and entertainment facilities in the refugee settlements including the creation of spaces for social, sports and cultural gatherings.
9. The connection of the Salt Lake with the fishing shelter including the configuration of the fishing shelter and the construction of a pedestrian airbridge linking the site of Petrakis Kyprianou park to the Salt Lake pedestrian street.
10. The regeneration of Pattichio Park, possibly together with the construction of a small refreshment store, a playground and other points of interest, as well as maintenance of the existing infrastructure.
Invest in Cyprus – Marinakis Developers provides ten reasons as to why property investors should think about Cyprus and the City of Larnaca when considering Where to buy their next holiday home.
Cyprus is the holiday hotspot for 2018. With growing holiday makers from across the globe heading to its golden beaches many property investors are considering real estate on the island for their next purchase.
Let’s look at what makes real estate investment in Cyprus so special and why tourists are drawn to the island year after year.
The untouched beauty of the Mediterranean, from its flourishing green mountains to the sandy beaches, provide people with a chance to escape from the City Life and be surrounded by nature’s best.
The Cyprus lifestyle is one that draws people back time and time again. Many honeymooners, Families and friends become intoxicated by the relaxing, worry free atmosphere that surrounds the island, and return year after year to become immersed in the Calming way of life.
Chinese, Russian and European Cultures combined, make Cyprus What we see today. With so much diversity in food, music and clothing is what helps to attract tourists and investors back to the island.
3. Business hub
Cyprus has been a foreign investment magnet for decades, transforming itself to the No1 European country in foreign investment. Cyprus tax incentives, combined with a number of competitive advantages, make it a very attractive destination for international business. That’s what Chris Koufaris the general secretary of Cyprus International Business Association (Ciba) told the press.
4. Cyprus investment program
With 2 Schemes up and running a lot of Russian and Chinese investors invest in Cyprus for various reasons. Although in the beginning the objective is to become Cypriot residence , during the process they find out that investing in Cyprus property is very profitable.
On top of everything else that Cyprus has to offer, the weather is the Cherry on top of the Cake. When the weather is good is very good. Hot days and cool nights in the summer and mild winters make Cyprus the perfect destination to head all year round.
Having looked at why investors are attracted to Cyprus, lets look at the benefits of investing in property in Larnaca.
7. A growing property market
Unlike other areas around Cyprus, Larnaca will grow faster than all other Cities due to 2 major changes that will take place in the next few years. The Larnaca marina and the removal of the fuel tanks.
8. The Larnaca Marina
Larnaca’s future yachting Marina, the largest in Cyprus, with luxurious facilities, will set Larnaca as a Prime Mediterranean Tourist Destination, expecting significant benefits.
9. The removal of the Fuel tanks
On Thursday 3rd of May 2018 the president, Nicos Anastasiades, gave a helping hand in the demolition of the first fuel tank. The result of the removal of the fuel tanks to Vasiliko area will be to restore the beach front of more than 15 kilometers.
10. Renting prospects
As Cyprus becomes more popular, so too has the interest in buy to let holiday property investments. Due to this increasing demand, more airlines are scheduling direct flights to Cyprus, meaning that even more holidaymakers are heading out to the island.
This – on top of the fact that Cyprus is getting very popular as a vacation destination, offers financial advantages for property investors looking to buy to rent out to holidaymakers.
Marinakis Developers has been a proud owner of the ISO Certification since October 2017, demonstrating the company’s ability to consistently provide products and services that meet consumer and regulatory requirements. ISO 9001:2015 standard is based on several quality management principles including a strong customer focus, the motivation and implication of top management, the process approach and continual improvement.
During a private ceremony at Marinakis offices, the Management expressed their gratitude and thanked everyone for their major efforts generating a wonderful result.
Addressing Marinakis Team, Mr. George Marinou, emphasized that through their diligence and hard work, Marinakis Property Developers is now one of the few developers in Larnaca who have acquired the ISO Certification.
The Pearl House 3 project consists of eight luxurious apartments and invites comfort and modern elegance.
Why Larnaca City Center
Over the past decade, Larnaca city centre has undergone a huge transformation that has driven significant growth and investment into the city.
Living in the city centre has never been more appealing as its shopping, food and nightlife continue to grow and diversify.
If you are looking to buy an apartment in Larnaca City centre then this is the guide for you.
Choose your area wisely
Larnaca city centre has many affluent and emerging areas including the Chrysopolitissa area.
But as with any upcoming area, property prices are rising fast.
The Chrysopolitissa area has undergone significant improvement over the past decade and is in the making of historic buildings being transformed into plush apartments, modern business and trendy restaurants and stylish bars.
Will your property hold its value?
The key to this, is location. In the city centre, there has always been a shortage of larger properties and it’s only over the last decade that developers have started to build bigger.
George Marinou adds: “Properties which include a special, alternative feature – such as a balcony, exposed brick walls and a higher than average ceiling, are always sought-after.
We found that even during the recession in 2008, properties sold quickly if they had something a little different. And this is always the key when the market is slowing and buyers have more choice.”
Should I buy off plan?
It can feel like a risk to buy a property off-plan as you often cannot view the property before the development is complete. George’s advice is to visit projects that have recently been completed by the same developer to judge their finish and finesse.
If you are interested in buying an apartment in Larnaca city centre please contact us for more details.