Limassol Del Mar, a development of architectural originality and modern design, which displays a cosmopolitan personality, still being in a primary phase of the construction, strikes some very impressive numbers. Employment and foreign investments are showcased as the main aspects of the growth motivated by the project.

Being carried out solely by Cypriot companies and funds, the investment seems to be very promising for the local economy. According to the joint venture’s heads, when the construction work commences, the companies will employ hundreds of people directly and indirectly. “This new development not only aims to transform the Limassol seafront but mainly to boost the economy through investment and employment”, said Michalis Zavos in a joint interview with his partner, Pantelis Leptos.

As mentioned by Pantelis Leptos, the sales on the first phase of Limassol Del Mar have already surpassed 40%, which constitutes a market record. This result is explained, according to Michalis Zavos, through the fact that buyers recognize in Limassol Del Mar not only a unique place for residency, but also a powerful investment opportunity. The project is still on pre-construction prices which are very competitive since the apartment layouts are among the biggest in the market. 

The project will be built on a plot of 34,000 square meters, of which 85% will be open spaces, public parking places and green areas. The aim of the construction's joint venture is to create for the people of Limassol a space that they will recognize as a meeting place for relaxation at a renowned restaurant and café. “Through Limassol Del Mar, the town will obtain its own high-end shopping avenue of European standards which is expected to become the ultimate shopping destination for local and foreign visitors”, mentioned Michalis Zavos.

Source: Gold News