Description
Situated in the heart of Paralimni , this residential land of 1,094 m² offers an excellent opportunity for developers and investors seeking to capitalize on one of the region’s most desirable residential areas. Falling within the Kα6 residential planning zone and benefiting from a building density of 90%, the property provides significant development potential for a variety of residential projects.
The lands’ favorable planning characteristics allow for the creation of substantial residential space, making it suitable for the development of apartments, townhouses, or a private residential complex, subject to the necessary permits and approvals. Its strategic location ensures easy access to a wide range of local amenities, including schools, supermarkets, shops, restaurants and essential services, enhancing its appeal to both residents and investors alike.
Paralimni continues to experience strong demand for quality housing due to its thriving local community, excellent infrastructure, and close proximity to the area’s renowned coastal destinations. This combination of location, accessibility and development potential positions the property as a highly attractive investment with promising prospects for both rental income and long-term capital growth.
Whether intended for immediate development or as a strategic addition to an investment portfolio, this land represents a rare opportunity to acquire residential land with exceptional potential in a sought-after area of Paralimni.
*Price excludes VAT.
PARALIMNI
Paralimni is a charming town located in the southeastern part of Cyprus, within the Famagusta District. It serves as the administrative centre for the region and offers a delightful mix of traditional Cypriot culture, modern amenities and scenic surroundings. While less touristy than neighbouring Ayia Napa and Protaras, Paralimni is an ideal destination for those seeking a more tranquil and authentic experience. The central landmark consists of three churches, including the modern church dedicated to Saint George and two older ones nearby. The architecture showcases a blend of Byzantine and modern influences. Paralimni has a more serene and residential vibe, making it a perfect retreat for those seeking peace and quiet.
- Principal and Interest
- Property Tax
- HOA fee










