If you want to hear the latest news from Cyprus, whether it’s good, bad or just an interesting fact about what’s happening on the island, then tune in to our weekly news blog. Our team will be scanning the most authoritative English-language newspapers and websites, such as the Cyprus Mail and the Financial Mirror and the Cyprus News Agency to keep you in touch with what’s going on. It won’t just be property news, but any kind of news for those interested in Cyprus. If you’d like to comment, feel free to Contact Us, we’d love to hear from you.

                                              Limassol Marina Project

There’s exciting news for those who dream of waking up on the waterfront. The construction work on Limassol’s new €350 million luxury marina and waterfront is well under way and on target for an autumn 2012 launch date. According to a recent report in the Cyprus Mail, work has begun on construction for yacht mooring and the development of residential, commercial and cultural buildings which will all be part of the new luxury marina complex.

Limassol Marina will combine elegant homes with exclusive restaurants, shops and conference space. Apartments start at around €440,000 and properties in this project are VAT exempt. Sales have already been launched for the first phase of the resort which will offer a wide range of luxury apartments and penthouses.

A special floating crane is being used to dredge mud and materials from the sea which will allow the construction of a solid foundation for an island where a number of luxury villas will also be built. There will also be a sailing school – called the Hanseatic Nautical School – and an underground car park for 700 vehicles and work has begun on both these buildings.

The marina will be able to accommodate all types and sizes of vessels, ranging in length from 8m to 100m and will also have a dry dock for light repairs and maintenance. Marina facilities and services will be based on the highest international standards and it will be operated by Camper & Nicholsons, one of the world's oldest and most prestigious yachting business names.

It is hoped that the new marina will welcome the first yachts in the autumn of 2012. It is very close to Limassol’s old harbour and historic centre around the medieval castle and, according to its creators, “it is destined to become the most exclusive marina resort in the Mediterranean and one of the finest in the world”.

To find out more about property in the new Limassol Marina, Contact Us now!

Author: Anne Hall