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High-Rise buildings of Cyprus

21.09.2020

 

87 buildings (11 floors and above) will be built in Cyprus. As of September 1, 2020, 85 permits for the construction of high-rise buildings were issued, the interest of developers in the construction of high-rise buildings is easily explained, it is unprofitable to build luxury villas on large plots of land within the city limits, since high-rise buildings with 50 more expensive apartments can be built in the same places, million euros each. Skyscrapers are being erected with the expectation of investors wishing to obtain "golden passports".

11-15 floors: 24 in Limassol, 13 in Larnaca, 6 in Nicosia and 4 in Paphos

16-20 floors: 14 in Limassol, 3 in Paphos and 2 in Larnaca

21-25 floors: 5 in Limassol, 1 in Larnaca and 1 in Paphos

26 floors and above: 11 in Limassol and 1 in Larnaca

“It is significant that Larnaca is among the Cypriot cities that are developing at a record pace, although until recently it was considered a“poor relative, ”says Phileleftheros. - Currently - at least in the pre-coronavirus period - it has become a magnet for large investors from Russia, Lebanon and Israel.

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