Famagusta, Sotira, Cyprus

Cyprus



Cyprus is the third largest island in the Mediterranean and is strategically located between three continents, Asia, Europe and Africa.



It is a member state of the European Union, a member of the Eurozone and it offers a solid legal system and a favorable tax regime which, over the years, established it as a popular and reputable international business center.



With its long history, excellent infrastructure, safe environment and ideal climate with almost year-round sunshine, Cyprus offers an excellent place to work and live.



The Area



AYIA NAPA - AYIA THEKLA



Ayia Napa with its spectacular white sandy beaches and its vibrant nightlife is the most popular tourist resort on the island.



The town is built around an old picturesque monastery, a few hundred meters away from a harbor with traditional fishing boats and boats offering excursions to visitors. In Ayia Napa you can also find Water World Water Park, a paradise for both adults and children, the Ayia Napa Sculpture Park and Thalassa Museum. On the western side of the town, next to Ayia Thekla beach, a state-of-the-art marina is currently under construction which will have over 600 berths, man-made beaches, restaurants, bars and sports facilities.



Ayia Thekla is an area of exceptional natural beauty between the Marina and Potamos, a natural river like harbor lined on both sides with traditional fishing boats. Potamos and the beautiful white chapel by Ayia Thekla beach which overlooks the blue lagoon formed between the sandy beach and a small island are, in fact, two of the most photographed locations on the island. Being only a few minutes from Ayia Napa town and with planning regulations ensuring that the area will never be over-developed, Ayia Thekla offers peace and tranquility without sacrificing the comforts of modern life.



The area has its own beaches, restaurants and supermarkets; however, the local facilities will be further enhanced with the completion of the Marina and a five-star hotel, which is currently under construction. Furthermore, the local authorities have applied for a permit to landscape the whole of the Ayia Thekla seafront zone with new beaches, footpaths, parks, piers and other amenities, the government will create a national park by Potamos with nature trails, a natural history museum and other facilities and a world class five-star condo hotel with a private hospital is currently under study.



These infrastructure projects will undoubtedly redefine the area making it one of the most upmarket and sought-after locations of the island. At the same time, the supply of land is negligible due to regulatory and geographical constraints which practically limit the land which is suitable for construction to a 3-4 km narrow strip along the coast. Ayia Thekla area, therefore, offers an excellent opportunity for investments.