What to Expect When Investing in Larnaca

05/11/2022
what to expect when investing in larnaca

In recent years, Larnaca has become an increasingly popular destination for tourists and investors alike. Thanks to its idyllic Mediterranean setting, diverse culture, and rich history, more and more people are looking to buy a property in Larnaca. If you are thinking of investing, here are some things of what to expect when investing in Larnaca. If you are looking for a Developer in Larnaca, make sure to get in touch for more information.

Location

Larnaca is situated on the southeast coast of Cyprus and is the island’s third-largest city. The city is served by Larnaca International Airport, which is located just 4km from the city centre and receives regular direct flights from major European cities such as London, Paris and Berlin.

Climate

Larnaca enjoys a typically Mediterranean climate, with warm summers and mild winters. The average summer temperature is 31°C, while the average winter temperature is 17°C.

Culture

Larnaca is a culturally diverse city, thanks to its long history as a cosmopolitan port. As a result, you will find a range of different influences in the city’s architecture, food, and art. There are also lots of festivals and events held throughout the year, celebrating everything from music and dance to wine and seafood.

Economy

The economy of Larnaca is primarily based on tourism and agriculture. The city’s mild climate means that it’s popular with tourists all year round, while the surrounding countryside is perfect for growing a variety of crops such as olives, almonds, citrus fruits, and vegetables. Currently, there are no restrictions on foreign ownership of property in Cyprus, meaning that it’s easy for investors to buy a property in Larnaca.

From its rich culture and history to its beautiful setting and excellent climate, Larnaca has something for everyone. With no restrictions on foreign ownership of property, not is the perfect time to invest!