Larnaca ist die drittgrößte Stadt Zyperns und beherbergt den wichtigsten internationalen Flughafen der Insel. Die Stadt liegt an der Südküste, und es ist die Hauptstadt des Bezirks. Larnaca wurde über der antiken Stadt Kition . gebaut,
von den Phöniziern gegründet.
Larnaca ist einer der größten Badeorte Zyperns. Es gibt zahlreiche Strände in und um die Stadt, die sich über ca. erstrecken 25 km. Die Strände von Phinikoudes, McKenzie und Oroklini Yanathes, all have been awarded ”Blue Flag” for environmental cleanliness and provision of amenities including toilets, Duschen, Snack-Bars, und Sonnenschirme mieten. Sommersport und Aktivitäten am Meer sind leicht verfügbar.
Es gibt so viele Sehenswürdigkeiten, die Sie faszinieren, die atemberaubende magische Küste der Promenade von Finikoudes, die mit dem Mittelmeer Blue Flag Award ausgezeichnet wurde, die samtigen Strände, der malerische Salzsee voller wandernder Schwäne und Flamingos, und die überragenden Landschaften mit sensationeller landschaftlicher Schönheit im Frühling.
Mehrere archäologische Stätten und sechs Museen befinden sich im Zentrum der Stadt. Die Stadt ist bekannt für ihre malerische Strandpromenade, „Phinikoudes“ mit Reihen von hohen, beeindruckende Palmen. Wir finden auch den Jachthafen von Larnaca, one of the four official entry points by sea to the island. Direkt an der Strandpromenade von „Phinikoudes“ im Geschäftsviertel der Stadt finden Sie eine Vielzahl von Einzelhandelsgeschäften mit einer großen Auswahl an Waren.
New Port and Marina Project that will change Larnaca’s future
In the biggest facelift, Larnaca has witnessed the port and marina redevelopment project will change the town’s future landscape creating 4,000 jobs and generating billions for the economy.
Cyprus has reached an agreement with Israeli investors for the long-awaited €1.2 bln redevelopment of Larnaca port and marina, the island’s largest infrastructure project of its kind.
Earlier this week the tender-winning Cypriot-Israeli consortium Kition Ocean Holdings, presented their eco-viable plans to Larnaca municipality.
The project covers the restructuring of the Larnaca marina for 650 berths, the port, and surrounding land development over an area of 332,449 sqm which is expected to see the consortium invest more than €1 bln.
As part of the marina development, there will be a yacht club with a retail park, a passenger terminal at the port plus hotels, a private island, and residential properties.
The unprecedented scale of the project includes residential and commercial development with innovative architecture, streets, and parks.
“This area has been underutilized for so long, there is now a new vision for Larnaca which took over three years to negotiate,” said Larnaca mayor Andreas Vyras at the first official presentation.
“This is a new era for Larnaca and Cyprus with the tradition and culture of our town taken into account,” he added.
Larnaca Chamber of Commerce chief Stavros Stavrou said, “the next decade belongs to Larnaca”.
“The people of Larnaca have been waiting for this for a very long time. I’m sure it will exceed our expectations.”
Israeli ambassador Sammy Revel said the venture was a symbol of the flourishing partnership between Cyprus and Israel.
“There is a Cyprus-Israel bond in energy, tourism, shipping, and new technologies,” said Revel. He added: “This will help future generations of Cypriots to prosper.”
“This shows we can build a future together – we cannot find a better friend than Cyprus and Cyprus cannot find a better friend than Israel.”
Kition Ocean Holdings CEO Panos Alexandrou said Larnaca port and the marina have never been developed to their full potential despite having the largest airport and oldest harbor.
He said the master plan’s vision is to connect the historic town center with the waterfront.
“This development is about sustainability, identity, and creating a landmark project,” said Alexandrou.
He said infrastructure work on the marina, building a new link road and passenger terminal to serve large cruise ships are part of Phase I which covers the first five years.
“This will change the face of Larnaca for many years and centuries to come.”
Alexandrou said the ambition was to have the best state-of-the-art port in the Eastern Mediterranean which will also offer services for gas exploration and facilitate military ships.
Israeli know-how
The build-operate-transfer project involves UK-based Prosperity Group, a Cypriot-owned company with extensive experience in international large-scale mixed-use developments and Israel’s REM International, which owns and manages the port and marina of Eilat in Israel.
Eilat is the number one tourist destination in Israel handling 5 million passengers.
Under the proposed venture, it is estimated that the state will receive more than €19.6 bln during the project’s lifetime, which includes the 125-year lease on the real estate.
The BOT project will see the government receiving a fixed rent and a percentage of the revenue generated through a concession agreement with the port/marina operated on a 40-year lease and the real estate is acquired on a 125-year lease. After 40 years the port and marina can be handed back to the government who will then decide on their management.
The complete project will span over 10 years as it includes building two hotels (lifestyle/business), nine office buildings (mixed-use) of up to 15 floors each and six luxury apartment blocks up to 13 floors each.
There will be large residential and commercial real estate development to support the marina and port, with affordable housing so people can live, work and set up businesses in the area.
Larnaca’s rundown marina will get a totally new look with modern amenities and facilities including a dry repair dock and a place where yachts can be built.
To make it a modern productive port it needs to have lights, there’s no passenger terminal, plus new cranes are also required.
There are also ideas for a tax-free shopping center as a connecting point to the port.
Local authorities, businesses and other stakeholders are keen to see the project take off as Larnaca will benefit significantly from the development.
The venture will upgrade Larnaca to the standard other towns have reached over recent years, and not be considered the poor neighbor anymore. Plans also foresee the construction of luxury homes along the Larnaca marina, more than double in size.
Contracts are expected to be signed by end of March 2021 with the takeover completed by the end of the year.
Larnaca Real Estate Market
Following the country’s miraculous recovery from the past few years, the real estate sector in Cyprus is booming. Various commercial and residential investments keep pouring in, for new and existing projects, while sales activities are on continuous growth.
The economy of Cyprus heavily depends on the real estate sector, which contributed 14% to the country’s Gross Value Added (GVA) in 2017. It’s a fact that the island has one of the highest homeownership rates in Europe, while there is also strong interest from the overseas market with regards to holiday and second homes.
The confidence level in the island’s real estate sector has been steadily rising, with 2016 and 2017 showing strong market performances, which also continued straight through 2018.
This ongoing rise mirrors the positive developments in the economy of Cyprus, as well as the improvement of economic performance indicators, such as the growth in GDP of 3.4% in 2017.
In 2017 there was a 45% increase in high-end residential units and a 33% increase in foreign buyers
The numbers for the first half of 2018 concerning high-end residential units show an 8% increase in comparison to the respective period of 2017.
Numbers for the first half of 2018 show a sustainable rise, solidifying the fact that the real estate sector is one of the main pillars of the Cypriot economy. The transaction volume in sale contracts has increased to 24% across the island, while 70% of properties are purchased by foreigners (non-EU buyers).
There has been a real estate price evolution in residential and commercial property, with 5% growth in residential, 2% growth in retail and 12% in office units; justifying the reason behind the rapid commercial development in general. This growth complements the circular issued by the Central Bank in June 2018, stating that all businesses need to have a physical presence (offices) in Cyprus for them to open new bank accounts and the continuing of existing corporate accounts (source: PWC – Cyprus Real Estate Market, First Half in Review, H1 2018).
Larnaca Tourism Analysis
With Cyprus being one of the most reputable travel destinations in Europe, the tourism industry inevitably has a crucial role to play in the Cypriot economy. Tourism is without a doubt a driving force of the island’s rapidly developing economy.
In 2017 total tourist arrivals reached over 3.6 million, marking a 15% increase from the previous year. It was proven to be a milestone and a record-breaking year as the contribution to the economy reached €2.6 billion by November 2017.
2018 was even greater, with tourist arrivals between January and May showing an increased rate of 14.5% in comparison to the same period in 2017.
Supporting these impressive figures has also been the country’s return to the strong economic growth of almost 4%, and a renewed investor confidence that has resulted in significant funds owing to tourism infrastructures, such as the luxury marina and hotel developments, as well the island’s first and only integrated casino resort – a €550 million project that broke ground in June 2018 and represents the biggest investment project undertaken in Cyprus (CYPRUS PROFILE REPORT – 2018).
Summer is the high season, and the county’s beaches are crowded with sun-seekers and water-sports enthusiasts from all over the world from early spring to late autumn. For the 12th year in a row, a 2018 report has once again ranked Cyprus as first in Europe for the number of Blue Flag beaches, which are now 64.
The mild Cypriot winters are the perfect time to visit the country’s archaeology and art museums, UNESCO churches, Troodos mountains, bustling waterfront cafes, and incredible restaurants.
The weather conditions and the ideal location give ground for sports, business, and medical tourism to grow.
In general, the tourist arrivals in Cyprus have kept rising every year since 2013. In 2017, 3.7 million tourists visited the country, marking a record-breaking year. This increase is still on the rise, as the statistical service documented a 7.7% increase for December 2018 in comparison to the corresponding month of 2017.
Following the strong increase of tourist arrivals, with an 11.4% in 2016, Larnaca keeps showing positive margins.
Over the last 3 years, Larnaca has shown very positive numbers in tourist arrivals, with the most remarkable in 2016, documenting an 11,4% of total tourist arrivals in Cyprus.
Larnaca is the third-largest city in Cyprus and homes the island’s primary international airport. The city is located on the southern coast, and it is the capital of the district. Larnaca was built above the ancient city of Kition,
founded by the Phoenicians.
Larnaca is one of the major seaside resorts in Cyprus. There are numerous beaches in and around the city, which extend for approximately 25 km. The beaches of main Phinikoudes, McKenzie and Oroklini Yanathes, all have been
awarded ”Blue Flag” for environmental cleanliness and provision of amenities including toilets, showers, snack bars, and umbrellas hire. Summer sports and sea activities are readily available.
There are so many sights to fascinate you, the breathtaking magical coastline of ‘Finikoudes’ promenade awarded with the Mediterranean Blue Flag Award, the velvety beaches, the picturesque Salt Lake full of migrating swans and flamingos, and the paramount landscapes with sensational scenic beauty in Springtime.
Several archaeological sites and six museums are in the center of the town. The city is well-known for its picturesque seafront, “Phinikoudes” with rows of tall, impressive palm trees. We can also find the Larnaca Marina, one of
the four official entry points by sea to the island. A profusion of retail shops offering a wide variety of goods can be found just off the seafront of “Phinikoudes” in the city’s commercial district.
New Port and Marina Project that will change Larnaca’s future
In the biggest facelift, Larnaca has witnessed the port and marina redevelopment project will change the town’s future landscape creating 4,000 jobs and generating billions for the economy.
Cyprus has reached an agreement with Israeli investors for the long-awaited €1.2 bln redevelopment of Larnaca port and marina, the island’s largest infrastructure project of its kind.
Earlier this week the tender-winning Cypriot-Israeli consortium Kition Ocean Holdings, presented their eco-viable plans to Larnaca municipality.
The project covers the restructuring of the Larnaca marina for 650 berths, the port, and surrounding land development over an area of 332,449 sqm which is expected to see the consortium invest more than €1 bln.
As part of the marina development, there will be a yacht club with a retail park, a passenger terminal at the port plus hotels, a private island, and residential properties.
The unprecedented scale of the project includes residential and commercial development with innovative architecture, streets, and parks.
“This area has been underutilized for so long, there is now a new vision for Larnaca which took over three years to negotiate,” said Larnaca mayor Andreas Vyras at the first official presentation.
“This is a new era for Larnaca and Cyprus with the tradition and culture of our town taken into account,” he added.
Larnaca Chamber of Commerce chief Stavros Stavrou said, “the next decade belongs to Larnaca”.
“The people of Larnaca have been waiting for this for a very long time. I’m sure it will exceed our expectations.”
Israeli ambassador Sammy Revel said the venture was a symbol of the flourishing partnership between Cyprus and Israel.
“There is a Cyprus-Israel bond in energy, tourism, shipping, and new technologies,” said Revel. He added: “This will help future generations of Cypriots to prosper.”
“This shows we can build a future together – we cannot find a better friend than Cyprus and Cyprus cannot find a better friend than Israel.”
Kition Ocean Holdings CEO Panos Alexandrou said Larnaca port and the marina have never been developed to their full potential despite having the largest airport and oldest harbor.
He said the master plan’s vision is to connect the historic town center with the waterfront.
“This development is about sustainability, identity, and creating a landmark project,” said Alexandrou.
He said infrastructure work on the marina, building a new link road and passenger terminal to serve large cruise ships are part of Phase I which covers the first five years.
“This will change the face of Larnaca for many years and centuries to come.”
Alexandrou said the ambition was to have the best state-of-the-art port in the Eastern Mediterranean which will also offer services for gas exploration and facilitate military ships.
Israeli know-how
The build-operate-transfer project involves UK-based Prosperity Group, a Cypriot-owned company with extensive experience in international large-scale mixed-use developments and Israel’s REM International, which owns and manages the port and marina of Eilat in Israel.
Eilat is the number one tourist destination in Israel handling 5 million passengers.
Under the proposed venture, it is estimated that the state will receive more than €19.6 bln during the project’s lifetime, which includes the 125-year lease on the real estate.
The BOT project will see the government receiving a fixed rent and a percentage of the revenue generated through a concession agreement with the port/marina operated on a 40-year lease and the real estate is acquired on a 125-year lease. After 40 years the port and marina can be handed back to the government who will then decide on their management.
The complete project will span over 10 years as it includes building two hotels (lifestyle/business), nine office buildings (mixed-use) of up to 15 floors each and six luxury apartment blocks up to 13 floors each.
There will be large residential and commercial real estate development to support the marina and port, with affordable housing so people can live, work and set up businesses in the area.
Larnaca’s rundown marina will get a totally new look with modern amenities and facilities including a dry repair dock and a place where yachts can be built.
To make it a modern productive port it needs to have lights, there’s no passenger terminal, plus new cranes are also required.
There are also ideas for a tax-free shopping center as a connecting point to the port.
Local authorities, businesses and other stakeholders are keen to see the project take off as Larnaca will benefit significantly from the development.
The venture will upgrade Larnaca to the standard other towns have reached over recent years, and not be considered the poor neighbor anymore. Plans also foresee the construction of luxury homes along the Larnaca marina, more than double in size.
Contracts are expected to be signed by end of March 2021 with the takeover completed by the end of the year.
(source: https://www.news.cyprus-property-buyers.com/2020/12/03/larnaca-port-and-marina-mammoth-project/id=00160910)
Larnaca Real Estate Market
Following the country’s miraculous recovery from the past few years, the real estate sector in Cyprus is booming. Various commercial and residential investments keep pouring in, for new and existing projects, while sales activities are on continuous growth.
The economy of Cyprus heavily depends on the real estate sector, which contributed 14% to the country’s Gross Value Added (GVA) in 2017. It’s a fact that the island has one of the highest homeownership rates in Europe, while there is also strong interest from the overseas market with regards to holiday and second homes.
The confidence level in the island’s real estate sector has been steadily rising, with 2016 and 2017 showing strong market performances, which also continued straight through 2018.
This ongoing rise mirrors the positive developments in the economy of Cyprus, as well as the improvement of economic performance indicators, such as the growth in GDP of 3.4% in 2017.
In 2017 there was a 45% increase in high-end residential units and a 33% increase in foreign buyers
The numbers for the first half of 2018 concerning high-end residential units show an 8% increase in comparison to the respective period of 2017.
Numbers for the first half of 2018 show a sustainable rise, solidifying the fact that the real estate sector is one of the main pillars of the Cypriot economy. The transaction volume in sale contracts has increased to 24% across the island, while 70% of properties are purchased by foreigners (non-EU buyers).
There has been a real estate price evolution in residential and commercial property, with 5% growth in residential, 2% growth in retail and 12% in office units; justifying the reason behind the rapid commercial development in general. This growth complements the circular issued by the Central Bank in June 2018, stating that all businesses need to have a physical presence (offices) in Cyprus for them to open new bank accounts and the continuing of existing corporate accounts (source: PWC – Cyprus Real Estate Market, First Half in Review, H1 2018).
Larnaca Tourism Analysis
With Cyprus being one of the most reputable travel destinations in Europe, the tourism industry inevitably has a crucial role to play in the Cypriot economy. Tourism is without a doubt a driving force of the island’s rapidly developing economy.
In 2017 total tourist arrivals reached over 3.6 million, marking a 15% increase from the previous year. It was proven to be a milestone and a record-breaking year as the contribution to the economy reached €2.6 billion by November 2017.
2018 was even greater, with tourist arrivals between January and May showing an increased rate of 14.5% in comparison to the same period in 2017.
Supporting these impressive figures has also been the country’s return to the strong economic growth of almost 4%, and a renewed investor confidence that has resulted in significant funds owing to tourism infrastructures, such as the luxury marina and hotel developments, as well the island’s first and only integrated casino resort – a €550 million project that broke ground in June 2018 and represents the biggest investment project undertaken in Cyprus (CYPRUS PROFILE REPORT – 2018).
Summer is the high season, and the county’s beaches are crowded with sun-seekers and water-sports enthusiasts from all over the world from early spring to late autumn. For the 12th year in a row, a 2018 report has once again ranked Cyprus as first in Europe for the number of Blue Flag beaches, which are now 64.
The mild Cypriot winters are the perfect time to visit the country’s archaeology and art museums, UNESCO churches, Troodos mountains, bustling waterfront cafes, and incredible restaurants.
The weather conditions and the ideal location give ground for sports, business, and medical tourism to grow.
In general, the tourist arrivals in Cyprus have kept rising every year since 2013. In 2017, 3.7 million tourists visited the country, marking a record-breaking year. This increase is still on the rise, as the statistical service documented a 7.7% increase for December 2018 in comparison to the corresponding month of 2017.
Following the strong increase of tourist arrivals, with an 11.4% in 2016, Larnaca keeps showing positive margins.
Over the last 3 years, Larnaca has shown very positive numbers in tourist arrivals, with the most remarkable in 2016, documenting an 11,4% of total tourist arrivals in Cyprus.
