limassol cyprus development

10 February, 2020

Limassol 2020: Bigger, Better and Greener

You could call it Limassol’s New Year’s Resolutions: The city’s mayor, Mr Nicos Nicolaides, is determined to promote and implement an impressive action plan with major public and infrastructure developments that will make Limassol more attractive and its exciting lifestyle more sustainable.

A city for everyone

In his first message to the citizens, the mayor spoke of major projects, many in cooperation with other municipalities in the greater Limassol area, for a city that is smart, green and people-friendly, but also appeals to businesses at the same time. It’s a vision that embraces social cohesion, innovation and entrepreneurship while reinforcing the city’s cosmopolitan character.

The fact is, this is not an all-new vision that is fresh out of the box; rather, it is a deliberate effort to enhance all that was, is and will always be innately Limassolian: the ability to blend multicultural pleasure with international business and – more recently – foreign investments in pioneering projects from Limassol Marina to the City of Dreams Mediterranean integrated casino resort, among others.

These developments have spawned a renewed interest in the city, as reflected in a property market that is slowly but surely regaining its pre-2013 glory. As new, luxurious residential developments take shape across the city, discerning property buyers from Cyprus and abroad and pinpointing the most attractive homes and promising investments. As always, location, value for money, and capital appreciation are the deciding factors – which is why Citrine Estates is turning heads. Located just outside the city centre, within walking distance from My Mall and adjacent to the upcoming casino resort, Citrine Estates comprises properties of various types and sizes – apartments, residences and villas – which offer extraordinary value and investment potential.   

Citrine Estates

Action on all fronts

Focusing primarily on the everyday life of its citizens, Limassol has earmarked €35 for infrastructure upgrades, while plans for sustainable urban mobility have been submitted to streamline traffic both along the coast and in the city centre.

Another major project that Limassolians and residents of the district as a whole are looking forward to, is the Ladies’ Mile redevelopment project, which the Ministry of Interior has now put under the management of the Limassol Municipality. With work set to begin very soon, there is little doubt that this magical sandy stretch will quickly emerge as a jewel along the island’s southern coast.

To capture and document the party spirit of Limassol’s fun-loving population, the new Limassol Carnival Museum in the Panos Solomonides Cultural Centre is expected to become a reality in 2020, thereby reinforcing the city’s role as the Rio of Cyprus.

Recognizing the value and importance of balancing urban development with greenery, the mayor will be commissioning a study to upgrade Limassol’s Municipal Garden. Furthermore, work is scheduled to begin on the construction of two environmental neighbourhoods in Ayios Spyridonas and Omonia, a multifunctional venue in Ayia Fyla, and measures to upgrade the park on Gauguin Street in Zakaki. Other plans for an environmental neighbourhood in Ayios Nikolas and the development of Heroes Square in the city centre are currently in the design phase.

Limassol’s Municipal Garden

Clearly, at the beginning of 2020, kicking off a new decade, Limassol is all set to make this year a genuine turning point, as it grows into an urban hub that stands out not only in Cyprus but in the wider eastern Mediterranean region.

< View All Articles

Yiannos Trisokkas

Yiannos Trisokkas is the Director of Casamont Cyprus Ltd overseeing operations in Cyprus and Greece. He has also been the Managing Partner of Henley & Partners Cyprus Ltd since 2013, with Greece’s Golden Visa Program within his ambit. He serves as the Chairman of the Real Estate Committee and Member of the Management Board of Henley & Partners.